We study the design of public information structures that maximize the probability of selecting a Pareto dominant equilibrium in symmetric (2 x 2) coordination games. Because the need to coordinate exposes players to strategic risk, we treat the designer as able to implement an equilibrium only...

The Allais Paradox is a central motivation for several prominent extensions of expected utility, including rank-dependent theories and the theory of fanning-out indifference curves. We examine the ability of these theories to explain the Allais common consequence effect. The only extension of...