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I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
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We choose between alternatives without being fully informed about the rewards from different courses of action. In making our decisions, we use our own past experience and the experience of others. So the ways in which we interact - our social network - can influence our choices. These choices...
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The threshold protocol game is a graphical game that models the adoption of an idea or product through a population. There are two states players may take in the game, and the goal of the game is to motivate the state that begins in the minority to spread to every player. Here, the threshold...
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consensus values. Strategic coordination can consequently explain poor performances of prediction markets as resulting from the … robustness of coordination in a forecasting setting implementing contradictory incentives for accurate forecasts and coordination …. Forecasts are shown to be inaccurate and biased toward current values. This in turn has subjects aiming at coordination benefits …
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This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds …
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