Timing and skewness of information revelation: Evidence on information structures and compound lotteries

• 成果类型: Article
• 署名作者: Diecidue, Enrico; Langer, Thomas; Nolte, Sven; Riedmiller, Sebastian; Schneider, Judith C.
• 署名单位: INSEAD Business School; University of Munster; Radboud University Nijmegen; Leibniz University Hannover
• 刊物名称: GAMES AND ECONOMIC BEHAVIOR
• ISSN/ISSBN: 0899-8256
• DOI: 10.1016/j.geb.2026.01.005
• 发表日期: 2026
• 关键词: preferences; uncertainty; consumption; RESOLUTION; CHOICE; decisions

摘要

In a series of three experiments, we investigate intrinsic preferences for timing and skewness of information resolution in a compound lottery (CL) and information structure (IS) environment. In the first experiment, we rule out predeterminedness of the outcome, i.e., realization before making the decision, as a driver of different timing preferences between the environments. In the second experiment, we show that skewness preferences in a two-outcome setting differ between the two environments. In the third comprehensive experiment, we integrate all three dimensions (timing, skewness, and environment) into a three-outcome setting, which allows a rigorous treatment of skewness. With respect to timing, participants prefer to receive information early in both environments. In case of a gradual resolution, participants strictly prefer positively skewed information in the IS environment, but symmetric information in the CL environment. Our results show that skewness and environment must be jointly taken into account when studying preferences for information resolution.