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We present a model of information aggregation in which agents' information is represented through partitions over states of the world. We discuss three axioms, meet separability, upper unanimity, and non-imposition, and show that these three axioms characterize the class of oligarchic rules,...
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We present experimental results from a broad investigation of intrinsic preferences for information. We examine whether people prefer negatively skewed or positively skewed information structures, and how individual preferences over the skewness and the degree of information relate to one...
Persistent link: https://www.econbiz.de/10012912927
Masatlioglu et al. (2023) show a strong intrinsic preference for positively skewed information over negatively skewed information through three laboratory and two field experiments. Using the provided replication package, we successfully computationally reproduce these results. Additionally, we...
Persistent link: https://www.econbiz.de/10015078018
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