Rational choice theory enjoys unprecedented popularity and influence in the behavioral and
social sciences, but it generates intractable problems when applied to socially interactive …

Publisher Summary This chapter presents some of the implications for economic behavior of
the hypotheses that events, actions, optimization, and rationality are common knowledge …

Everyone agrees that joint attention is a key feature of human social cognition. Yet, despite
over 40 years of work and hundreds of publications on this topic, there is still surprisingly …

Game theory, the formalized study of strategy, began in the 1940s by asking how
emotionless geniuses should play games, but ignored until recently how average people …

Environments with public goods are a wonderful playground for those interested in delicate
experimental problems, serious theoretical challenges, and difficult mechanism design …

Reasoning about knowledge—particularly the knowledge of agents who reason about the
world and each other's knowledge—was once the exclusive province of philosophers and …

A global game is an incomplete information game where the actual payoff structure is
determined by a random draw from a given class of games and where each player makes a …

Why do Internet, financial service, and beer commercials dominate Super Bowl advertising?
How do political ceremonies establish authority? Why does repetition characterize anthems …

Global games are games of incomplete information whose type space is determined by the
players each observing a noisy signal of the underlying state. With strategic …

Formal ways of representing uncertainty and various logics for reasoning about it; updated
with new material on weighted probability measures, complexity-theoretic considerations …