they model the choice of different alternatives through high or low cognitive costs and feedback information provided to …

the true state (of the world) of given cases. The investigation of assessment criteria improves the initial information … updated, allowing for a sorting of particular cases into ever smaller subclasses. However, receiving such information causes …

investigate this question in case that the individual probability functions are based on different information sets. Under … any overlaps between different persons' information sets. The solutions are derived from an axiomatic system that models … parameter-free, and that they incorporate each individual's information although the individuals need not communicate their …

detailed investigation of the impacts of new information. Our analysis sheds light on an important trade-off associated with … information policies in the presence of belief heterogeneity and ambiguity. In particular, we show that newly available … information can unambiguously worsen the free-riding problem even when it better reflects the correct risk than the players …

We explore the intuitive idea that more information leads to greater dispersion of posterior beliefs about the expected …. Then, for the class of monotone information systems, we characterize the weakest information criteria that respect OS and … states. Because of OS, the information criteria induce the dispersion orders not only on the posterior expectations of states …

imperfect information. …