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dc.creatorAycinena, Diego 
dc.creatorElbittar, Alexander 
dc.creatorGomberg, Andrei 
dc.creatorRentschler, Lucas
dc.identifier.citationAycinena, Diego; Elbittar, Alexander; Gomberg, Andrei; Rentschler, Lucas (2020) Does free information provision crowd out costly information acquisition? It’s a matter of timing. Universidad del Rosario, Department of Economics, Documentos de trabajo economía. 33 pp.
dc.descriptionLa sabiduría convencional sugiere que prometerle a un agente información gratuita desplazaría la costosa adquisición de información. Demostramos teóricamente que esta intuición solo se sostiene como un caso filo de cuchillo donde los priores son simétricos. Para los antecedentes asimétricos, se predice que los agentes aumentarán su adquisición de información cuando se les prometa información gratuita en el futuro. Probamos en el laboratorio si tal desplazamiento ocurre tanto para los anteriores simétricos como asimétricos. Encontramos apoyo teórico para las predicciones: cuando los antecedentes son asimétricos, la promesa de información "gratuita" en el futuro induce a los sujetos a adquirir información costosa que de otra manera no estarían adquiriendo.
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 pp.
dc.rightsAtribución-NoComercial-CompartirIgual 2.5 Colombia
dc.sourcereponame:Repositorio Institucional EdocUR
dc.sourceinstname:Universidad del Rosario
dc.subjectAdquisición de información
dc.subjectIgnorancia racional
dc.titleDoes free information provision crowd out costly information acquisition? It’s a matter of timing
dc.subject.keywordInformation acquisition
dc.subject.keywordRational ignorance
dc.type.spaDocumento de trabajo
dc.rights.accesoAbierto (Texto Completo)
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dc.contributor.gruplacGrupo de Investigaciones. Facultad de Economía. Universidad del Rosario
dc.relation.citationTitleSerie Documentos de trabajo. Economía

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