Why are inefficient policies popular? One explanation is incomplete voter information. Evidence from survey experiments in Argentina points instead to inattention. The experiments explore voter evaluations of two anti-inflation policies, price controls and limits on monetary emission....

This paper integrates overprecision-a form of overconfidence where individuals overestimate the accuracy of their beliefs-into a canonical rational inattention model. We show that overprecision distorts belief updating directly by biasing the perceived value of new information and indirectly by...

Advice plays a central role in health, personal finance, and energy-efficiency decisions. We study how a benevolent expert should design verifiable advice - such as whether to commission a diagnostic test of different accuracy - when the agent is behaviorally biased, either neglecting...

We conduct a field experiment with job seekers to investigate how feedback influences job search and labor market outcomes. Job seekers who receive feedback on their ability compared to other job seekers update their beliefs and increase their search effort. Specifically, initially...

We conduct a field experiment with job seekers to investigate how feedback influences job search and labor market outcomes. Job seekers who receive feedback on their ability compared to other job seekers update their beliefs and increase their search effort. Specifically, initially...

While people often avoid learning about negative social consequences of their actions in order to behave selfishly, many social situations involve another person who is in a position to impose this information. How does the presence of a potential informer affect information, behavior, and...

We conduct a field experiment with job seekers to investigate how feedback influences job search and labor market outcomes. Job seekers who receive feedback on their ability compared to other job seekers update their beliefs and increase their search effort. Specifically, initially...

Information unraveling is an elegant theoretical argument suggesting that private information is voluntarily and fully revealed in many circumstances. However, the experimental literature has documented many cases of incomplete unraveling and has suggested limited depth of reasoning on the part...

Information unraveling is an elegant theoretical argument suggesting that private information is voluntarily and fully revealed in many circumstances. However, the experimental literature has documented many cases of incomplete unraveling and has suggested limited depth of reasoning on the part...

This paper examines online search activity's ability to capture consumers' intentions and enhance short-term forecasting of key economic outcomes. Economic decisions such as consumption and investment are typically preceded by intentions, which, while difficult to observe directly, often...

This research examines how influencer information spreads and is accepted by consumers, focusing on a Tunisian sample of social media users, and how these effects percolate into consumers' perception of the quality of cosmetic products. Drawing on the Information Adoption Model (IAM), this study...

We introduce an information provision experiment into a standard dynamic rational inattention model. We derive analytical results about how the treatment effect varies with characteristics of the environment and the individual. We use these results to discuss findings in the empirical literature...

In this study, we examine the impact of financial and pension ignorance (information avoidance) on the decision- making process for long-term savings. We define the concept of pension ignorance, as active avoidance of retirement information, failure to make decisions regarding retirement...

Purpose: To develop a controlled vocabulary of less than 30 terms that represents level 1 of a taxonomy for the field of operations management, integrating previous available work to improve efficiency in searching and retrieving scientific information in the area.Design/methodology/approach: A...

We introduce an information provision experiment into a standard dynamic rational inattention model. We derive analytical results about how the treatment effect varies with characteristics of the environment and the individual. We use these results to discuss findings in the empirical literature...

Purpose - Based on the premise that young adults, as knowledge workers, are overstimulated by a constant bombardment of information from digital channels like social media, this paper aims to explore how the information overload, largely redundant and noisy, extracts cognitive resources from the...

LLMs are emerging as information sources that influence organizational knowledge, though trust in them varies. This paper combines data from a large-scale experiment and the World Values Survey (WVS) to examine the determinants of trust in LLMs. The experiment measures trust in LLM-generated...

This paper investigates the effect of herd behavior, or information cascades, on the willingness to be vaccinated against COVID-19. We use the 2021/2022 wave of the European Social Survey combined with data from the organization Our World in Data and measure the herding behavior as the change in...