The current paper defines the optimal sequential information gathering structure of rational utility maximizer decision makers and illustrates numerically how their incentives to gather information among different goods decrease in their degree of risk aversion

The current paper is aimed at bridging the existing gap between the empirical consumer choice literature and the theoretical structures built to account for information manipulation between a sender and a decision maker. We define a theoretical structure that allows for the analysis of...

The present paper provides a strategic dynamic analysis of a theoretical scenario where verifiable information is transmitted between an informed sender and an uninformed but rational decision maker in a multidimensional space. The information provided by the sender is assumed to be encoded in...