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dc.creatorAycinena, Diego
dc.creatorElbittar, Alexander
dc.creatorGomberg, Andrei
dc.creatorRentschler, Lucas
dc.date.created2020-10-09
dc.identifier.urihttps://repositorio.redinvestigadores.orgRiec/87
dc.description.abstractConventional wisdom suggests that promising an agent free information would crowd out costly information acquisition. We theoretically demonstrate that this intuition only holds as a knife-edge case where priors are symmetric. For asymmetric priors, agents are predicted to increase their information acquisition when promised free information in the future. We test in the lab whether such crowding out occurs for both symmetric and asymmetric priors. We find theoretical support for the predictions: when priors are asymmetric, the promise of future “free” information induces subjects to acquire costly information which they would not be acquiring otherwise.
dc.format.extent33 páginas
dc.format.mimetypePDF
dc.language.isoeng
dc.relation.ispartofDocumentos de Trabajo
dc.relation.urihttps://repository.urosario.edu.co/bitstream/handle/10336/28282/dt257R.pdf?sequence=4&isAllowed=y
dc.rights.accessRightsOpen Access
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/
dc.titleDoes free information provision crowd out costly information acquisition? It’s a matter of timing
dc.typeWorking paper
dc.subject.jelC91 - Laboratory, Individual Behavior
dc.subject.jelD80 - Information, Knowledge, and Uncertainty: General
dc.subject.jelC44 - Operations Research; Statistical Decision Theory
dc.audienceResearchers
dc.audienceStudents
dc.audienceTeachers
dc.subject.keywordinformation acquisition
dc.subject.keywordrational ignorance
dc.subject.keywordexperiments
dc.subject.lemb<LEMB>
dc.type.spaDocumentos de Trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.type.hasversionPublished Version
dc.coverage.ciudadBogotá
dc.contributor.institucionUniversidad del Rosario
dc.relation.repechttps://ideas.repec.org/p/rie/riecdt/67.html
dc.relation.numberNo. 67


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