Macroeconomic theories have traditionally been tested using nonexperimental field data,
most often national income account data on GDP and its components. This practice follows …

How do individuals value noisy information that guides economic decisions? In our
laboratory experiment, we find that individuals underreact to increasing the informativeness …

We introduce a generalization of the Beauty Contest (BC) game as a framework that
incorporates different models from micro-and macroeconomics by formulating their reduced …

We offer a theory of financial contagion based on the information choice of investors after
observing a financial crisis elsewhere. We study global coordination games of regime …

We study the problem of a two-firm supply chain in which firms simultaneously choose a
capacity before demand is realized. We focus on the role that private information about …

This paper investigates the usefulness of non-choice data, namely response times, as a
predictor of threshold behavior in a simple global game experiment. Our results indicate that …

Many committees—juries, political task forces, etc.—spend time gathering costly information
before reaching a decision. We report results from lab experiments focused on such …

There is mixed evidence on whether subjects coordinate on the efficient equilibrium in
experimental stag hunt games under complete information. A design that generates an …

This paper investigates the usefulness of non-choice data, namely response times, as a
predictor of threshold behavior in a simple global game experiment. Our results indicate that …

We study how beauty contest incentives affect information acquisition decisions when
players can access multiple information sources. Players can acquire information from two …