Does Accuracy Improve the Information Value of Trials?
---- Acknowledgements -----
We thank participants at the University of Chicago, Washington University in St. Louis, Northwestern, and the Midwest Law and Economics meetings for useful feedback on the project. Anup Malani thanks the Samuel J. Kersten Faculty Fund at the University of Chicago for funding. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.