Cornand, Camille; Heinemann, Frank - In: Experimental Economics 17 (2014) 1, pp. 61-77
In games with strategic complementarities, public information about the state of the world has a larger impact on … equilibrium actions than private information of the same precision, because public signals are more informative about the likely … choices. However, the weight is smaller than in equilibrium, which indicates that subjects underestimate the information …