We consider a model of oligopolistic competition in market with search frictions, which competing firms products unknown quality advertise how much information consumer’s visit will glean. In the unique symmetric equilibrium this game, countervailing incentives attraction and persuasion yield payoff function for each firm that is linear firm’s realized effective value. If expected sufficiently ...

A basic challenge in decision-making is to know how long to search for information, and how to adapt search processes as performance, goals, and the nature of the task environment vary. We consider human performance on two experiments involving a sequence of simple multiple-cue decision-making trials, which allow search to be measured, and provide feedback on decision accuracy. In both experime...