Advice plays a central role in health, personal finance, and energy-efficiency decisions. We study how a benevolent expert should design verifiable advice - such as whether to commission a diagnostic test of different accuracy - when the agent is behaviorally biased, either neglecting...

This paper integrates overprecision-a form of overconfidence where individuals overestimate the accuracy of their beliefs-into a canonical rational inattention model. We show that overprecision distorts belief updating directly by biasing the perceived value of new information and indirectly by...

Why are inefficient policies popular? One explanation is incomplete voter information. Evidence from survey experiments in Argentina points instead to inattention. The experiments explore voter evaluations of two anti-inflation policies, price controls and limits on monetary emission....

Information unraveling is an elegant theoretical argument suggesting that private information is voluntarily and fully revealed in many circumstances. However, the experimental literature has documented many cases of incomplete unraveling and has suggested limited depth of reasoning on the part...