Some fear that personalised communication can lead to information cocoons or filter bubbles. For instance, a personalised news website could give more prominence to conservative or liberal media items, based on the (assumed) political interests of the user. As a result, users may encounter only...

This paper considers the implications of an important cognitive bias in information processing, confirmation bias, in a political agency setting. In the baseline two-period case where only the politician’s actions are observable before the election, we show that when voters have this bias, it...

This paper considers the implications of an important cognitive bias in information processing, confirmation bias, in a political agency setting. In the baseline two-period case where only the politician's actions are observable before the election, we show that when voters have this bias, it...

While it is well established that the search for information after a decision is biased toward supporting that decision, the case of preference-supporting search before the decision remains open. Three studies of consumer choices consistently found a complete absence of a pre-choice bias toward...

A survey conducted by the Center for Entrepreneurial and Financial Studies (CEFS) at Technische Universität München in cooperation with the chamber of commerce (IHK) for Munich and Oberbayern showed that mid-sized businesses show great interest in private equity. However, nearly 60% of the 266...

A survey conducted by the Center for Entrepreneurial and Financial Studies (CEFS) at Technische Universität München in cooperation with the chamber of commerce (IHK) for Munich and Oberbayern showed that mid-sized businesses show great interest in private equity. However, nearly 60% of the 266...