implications for the nature and formation of preferences. We study the tariff experiment conducted by South Central Bell where …

We present a decision theoretic framework with agents that are learning about the behavior of market determined … about equilibrium prices, so that learning about price behavior, as in Adam, Marcet and Nicolini (2008), is fully consistent … with internal rationality. We also show that equilibrium prices depend on expectations of the discounted price and dividend …

We examine strategic information transmission in a controlled laboratory experiment of a cheap talk game with one … communication between the sender and the receiver in a way consistent with the theoretical predictions. Deviations from the … theoretical predictions that we observe tend to disappear with experience, and learning is faster precisely in the games where …

Negotiations frequently end in conflict after one party rejects a final offer. In a large-scale internet experiment we …

the ultimate decision is either taken by a leader (decision by authority) or by majority vote. Optimal communication …

sizable and short-lived on average; (2) the magnitude of opportunistic cycles decreases with voters' rationality and awareness … (measured by urbanization, computerization, education, and freedom of media); (3) there is a learning curve for voters: cycles … incumbent governors. Our results confirm that maturity of democracy as well as rationality and awareness of the electorate are …