We use laboratory experiments to study the subjects’ decisions to forgo costless information in interactive situations. Participants were paired, presented with two games, and were asked individually to choose whether or not to learn (at no cost) which game is being played. This choice is made...

In this paper, we examine the concept of rule rationality, which implies that people do not necessarily maximize their utility in each action, but rather follow behavioral rules that, on average, maximize utility. Building on Aumann (2019) and Heller and Winter (2016), we test this concept in a...