consumption, proxies well for investors' relevant information set …

We jointly model the information choice and portfolio allocation problem of institutional investors who are concerned … his willingness to speculate and, consequently, his desire to acquire information. In equilibrium, an increase in the …

education spending and teacher salaries falls sharply when respondents receive information about existing levels. Treatment … effects vary by prior knowledge in a manner consistent with information effects rather than priming. Support for salary … countries could explain Germans' lower support for increases. Information about the tradeoffs between different categories of …

Information is a fundamental component of all financial transactions and markets, but it can arrive in multiple forms …. We define what is meant by hard and soft information and describe the relative advantages of each. Hard information is … quantitative, easy to store and transmit in impersonal ways, and its information content is independent of its collection. As …

especially if the new release is a hit. Various patterns in the data suggest the source of the spillover is information: a new … release causes some uninformed consumers to learn about their preferences for the artist%u2019s past albums. These information … spillovers suggest that the high concentration of success across artists may partly result from a lack of information, and they …

tariffs that are strictly below their bound rates. When private information is persistent through time, an enforcement …-optimal tariff, in order to conceal weakness. It also suggests a new information-based theory of gradualism in trade agreements …

incentives and risk-taking is more nuanced and depends critically on the availability of information about peers’ strategies and … outcomes. Indeed, we find that when no peer information is available, relative rewards schemes are associated with … significantly less risk-taking than non-competitive rewards. In contrast, when decision-makers receive information about their peers …

, information-based investing, and political considerations. While there is a substantial preference for in-state stocks, there is …

assumed to exploit only a limited amount of information, despite the fact that the Fed actively monitors literally thousands … of economic time series. This article explores the feasibility of incorporating richer information sets into the analysis …,b), that permits the systematic information in large data sets to be summarized by relatively few estimated factors. With this …

This paper explores a macroeconomic model of the business cycle in which stickiness of information is pervasive. We … start from a familiar benchmark classical model and add to it the assumption that there is sticky information on the part of … stickiness is required to fit the facts. We conclude that models based on stickiness of information offer the promise of fitting …