This paper provides a microfounded information acquisition technology based on a simple framework with information … search. When searchable information is limited, an agent encounters increasingly more redundant information in his search for … new information. Redundancy slows down the learning process and generates decreasing returns. Furthermore, as multiple …

defined law of demand for financial information when asset return distributions are conjugate priors to signals such as in the … return prevents Bayesian investors from unbounded information demand even if signals are costless, unless the riskfree asset …

defined law of demand for financial information when asset return distributions are conjugate priors to signals such as in the … return prevents Bayesian investors from unbounded information demand even if signals are costless, unless the riskfree asset …

A great proportion of stock dynamics can be explained using publicly available information. The relationship between … dynamics and public information may be of nonlinear character. In this paper we offer an approach to stock picking by employing …

We extract information on relative shopping interest from Google search volume and provide a genuine and economically …