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Studying Information Acquisition in the Field: A Practical Guide and Review

Francesco Capozza, Ingar Haaland (), Christopher Roth and Johannes Wohlfart
Additional contact information
Francesco Capozza: Erasmus University Rotterdam
Johannes Wohlfart: Department of Economics and CEBI, University of Copenhagen

No 21-15, CEBI working paper series from University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI)

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.

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
Date: 2021-10-28
New Economics Papers: this item is included in nep-cwa and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

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Persistent link: https://EconPapers.repec.org/RePEc:kud:kucebi:2115

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