This paper examines the interplay of informational and payoff externalities in a two-player strategic investment game. Each players learns about the quality of a new technology by observing a private signal and the action of his opponent, and has the option of irreversibly adopting it. I characterize the set of equilibrium payoffs in the timing game in which there is second-mover advantage and ...

This paper examines a nearly untested premise of the resource-based view of the Žrm: managers can exploit uncertainty about a factor’s true value to generate returns. Our results show that empirically validating this basic proposition is difŽcult and potentially impossible, despite our use of a rather simple empirical setting. While market imperfections appear to underlie the payment of basebal...

Introduction: The diagnosis of cancer involves the patients, their caregivers, and families. Caregivers should obtain guidance from health care professionals to promote care facilities. The current study aimed at investigating the economic, socio-individual, informational, and psycho-spiritual problems of caregivers in post-treatment phase of breast cancer. Methods: The present descriptive stu...

A masker can reduce target intelligibility both by interfering with the target's peripheral representation ("energetic masking") and/or by causing more central interference ("informational masking"). Intelligibility generally improves with increasing spatial separation between two sources, an effect known as spatial release from masking (SRM). Here, SRM was measured using two concurrent sine-vo...

Previous work has indicated that target-masker similarity, as well as stimulus uncertainty, influences the amount of informational masking that occurs in detection, discrimination, and recognition tasks. In each of five experiments reported in this paper, the detection threshold for a tonal target in random multitone maskers presented simultaneously with the target tone was measured for two con...

Political action can reduce introductions of diseases caused by invasive forest pathogens (IPs) and public support is important for effective prevention. The public's awareness of IP problems and the acceptability of policies aiming to combat these pathogens were surveyed in nine European countries (N = 3469). Although awareness of specific diseases (e.g., ash dieback) varied, problem awareness...

Recent research has suggested that musicians have an advantage in some speech-in-noise paradigms, but not all. Whether musicians outperform nonmusicians on a given speech-in-noise task may well depend on the type of noise involved. To date, few groups have specifically studied the role that informational masking plays in the observation of a musician advantage. The current study investigated th...

We formulate a very general framework for optimal dynamic stochastic control problems which allows for a control-dependent informational structure. The issue of informational consistency is investigated. Bellman’s principle is formulated and proved. In a series of related results, we expound on the informational structure in the context of (completed) natural filtrations of stochastic processes.