The problem of information exchange among agents who see the world subjectively arises in many contexts. One aspect of this problem is the choice of whether to use a standardized terminology among all agents or to use different languages for different audiences; this has been of particular...

The problem of information exchange arises in many contexts, ranging from computer science to linguistics to financial accounting. One aspect of this problem is the choice of whether to use a single standard for all users of information or whether to use different languages for different...

This article develops a method for drawing samples from which it is impossible to infer any quantile or moment of the underlying distribution. The method provides researchers with a way to give subjects the experience of ambiguity. In any experiment, learning the distribution from experience is...

This paper discusses the characteristic properties of List PR systems and FPTP systems, as given in van der Hout (2005, 2006). While many of the properties we consider are common to both systems, it turns out (see van der Hout 2005) that the British system distinguishes itself by satisfying the...

We study a disclosure decision for a firm's manager with many sources of private information. The presence of multiple numerical signals provides the manager with an opportunity to hide information via aggregation, presenting net amounts in order to show information in its best light. We show...