Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/248666 
Year of Publication: 
2021
Series/Report no.: 
ECONtribute Discussion Paper No. 124
Publisher: 
University of Bonn and University of Cologne, Reinhard Selten Institute (RSI), Bonn and Cologne
Abstract: 
We review the emerging literature on information acquisition in field settings. We first document an increase in studies on information acquisition and review relevant studies in different subfields of economics, including macroeconomics, political economy, labor economics, health economics, and finance. We next provide an overview of empirical techniques to measure information acquisition and discuss the advantages and disadvantages of different methods. We then discuss how one can design studies to test the predictions of different theories of information acquisition. We conclude by highlighting possible directions for future research.
Subjects: 
Information acquisition
Willingness to pay
Click data
Experimental Design
Beliefs
Surveys
JEL: 
C90
D83
D91
Document Type: 
Working Paper

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