Cornand, Camille; Heinemann, Frank - In: Journal of Economic Studies 42 (2015) 6, pp. 1005-1028
effects of public information under such limited levels of reasoning. Findings – In the model by Morris and Shin (2002) public … is decreasing in the levels of reasoning. For the observed average level of reasoning, full transparency is optimal, if … of reasoning. They respond in a rational way to the non-strategic part of a game and they account for other players …