Studying Information Acquisition in the Field: A Practical Guide and Review
Francesco Capozza (),
Ingar Haaland (),
Christopher Roth and
Johannes Wohlfart ()
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Francesco Capozza: Erasmus University Rotterdam, Tinbergen Institute
Johannes Wohlfart: Department of Economics and CEBI, University of Copenhagen, CESifo, Danish Finance Institute
No 124, ECONtribute Discussion Papers Series from University of Bonn and University of Cologne, Germany
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 tech-niques 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.
Keywords: Information acquisition; Willingness to pay; Click data; Experimental Design; Beliefs; Surveys (search for similar items in EconPapers)
JEL-codes: C90 D83 D91 (search for similar items in EconPapers)
Pages: 56 pages
New Economics Papers: this item is included in nep-exp, nep-hpe and nep-ore
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https://www.econtribute.de/RePEc/ajk/ajkdps/ECONtribute_124_2021.pdf First version, 2021 (application/pdf)
Working Paper: Studying Information Acquisition in the Field: A Practical Guide and Review (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ajk:ajkdps:124
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