The Bayesian persuasion model studies communication between an informed sender and a receiver with payoff-relevant action, emphasizing the ability of to extract maximal surplus from his informational advantage. In this paper, we study setting multiple senders in which is restricted choosing, at interim stage, one whom interact. Our main result that whenever are uncertain about each other’s pref...

We introduce noisy belief equilibrium (NBE) for normal-form games in which players best respond to realizations. Axioms restrict distributions be unbiased with respect and responsive changes the opponents’ behavior. The axioms impose testable restrictions both within across games, we compare these those of regular quantal response (QRE) are placed on function as primitive. NBE can generate simi...

In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity in actions. These models deliver promising positive properties, such as heightened inertia and volatility. But they also raise important normative questions, such as whether the heightened inertia and volatility are socially undesirable, whether there is room for policies that...

Available online 19 September 2012 JEL classification: C72 D72 D74

We investigate how strategic behavior is affected by the set of notions (frames) used when thinking about game. In our games action consists visual objects: each player must privately choose one, trying to match counterpart’s choice. propose a model where different player-types are aware attributes (hence, frames). One novelties an epistemic structure that allows players think new frames, after...

We introduce a set-valued solution concept, M equilibrium, to capture empirical regularities from over half century of game theory experiments. show equilibrium serves as meta for various models that hitherto were considered unrelated. is empirically robust and, despite being set-valued, falsifiable. Results series experiments compare leading behavioral demonstrate its virtues in predicting obs...

A spherical and cavernous carbocage molecule exhibiting faces with larger ring sizes than regular fullerenes is a suitable species for investigating how molecular magnetic properties depend on the structure of the molecular framework. The studied all-carbon gaudiene (C72) is a highly symmetrical molecule with three- and four-fold faces formed by twelve membered rings. Here, we attempt to unrave...

Article history: Received 24 February 2012 Available online 14 October 2013 JEL classification: C72