scholarly journals Expectations With Endogenous Information Acquisition: An Experimental Investigation

2018 ◽  
Author(s):  
Andreas Fuster ◽  
Ricardo Perez-Truglia ◽  
Basit Zafar
Keyword(s):  
Experimental Investigation ◽  
Information Acquisition ◽  
Endogenous Information

scholarly journals Expectations with Endogenous Information Acquisition: An Experimental Investigation

2018 ◽  
Author(s):  
Andreas Fuster ◽  
Ricardo Perez-Truglia ◽  
Mirko Wiederholt ◽  
Basit Zafar
Keyword(s):  
Experimental Investigation ◽  
Information Acquisition ◽  
Endogenous Information

scholarly journals Expectations with Endogenous Information Acquisition: An Experimental Investigation

2020 ◽  
pp. 1-54
Author(s):  
Andreas Fuster ◽  
Ricardo Perez-Truglia ◽  
Mirko Wiederholt ◽  
Basit Zafar
Keyword(s):  
Experimental Investigation ◽  
Information Acquisition ◽  
Direct Evidence ◽  
Survey Experiment ◽  
Process Information ◽  
Cross Sectional ◽  
Empirical Results ◽  
Home Prices ◽  
Endogenous Information ◽  
The Cost

We use a survey experiment to generate direct evidence on how people acquire and process information. Participants can buy different information signals that could help them forecast future national home prices. We elicit their valuations and exogenously vary the cost of information. Participants put substantial value on their preferred signal and, when acquired, incorporate the signal in their beliefs. However, they disagree on which signal to buy. As a result, making information cheaper does not decrease the cross-sectional dispersion of expectations. We provide a model with costly acquisition and processing of information, which can match most of our empirical results.

scholarly journals Voting with endogenous information acquisition: Experimental evidence

2017 ◽  
Vol 102 ◽  
pp. 316-338 ◽  
Author(s):  
Sourav Bhattacharya ◽  
John Duffy ◽  
SunTak Kim
Keyword(s):  
Experimental Evidence ◽  
Information Acquisition ◽  
Endogenous Information
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