Economic agents are not always rational or farsighted and can make decisions according to
simple behavioral rules that vary according to situation and can be studied using the tools of …

Private information is at the heart of many economic activities. For decades, economists
have assumed that individuals are willing to misreport private information if this maximizes …

All social species face various “collective action problems”(CAPs) or “social dilemmas,”
meaning problems in achieving cooperating when the best move from a selfish point of view …

I study a model of strategic communication between an uninformed Receiver and an
informed but upwardly biased Sender. The Sender bears a cost of lying, or more broadly, of …

Models of signaling, adverse selection, and moral hazard make it clear that differences in
information can lead to inefficiency. Workers may invest in nonproductive education to …

What kind of preferences should one expect evolution to favor? We propose a definition of
evolutionary stability of preferences in interactions in groups of arbitrary finite size. Groups …

Deep reinforcement learning algorithms have recently been used to train multiple interacting
agents in a centralised manner whilst kee** their execution decentralised. When the …

This paper studies the interplay between economic incentives and social norms in firms. We
introduce a general framework to model social norms arguing that norms stem from agents' …

We study costless pre-play communication of intentions among inexperienced players.
Using the level-k model of strategic thinking to describe players' beliefs, we fully characterize …

We show experimentally that whether and how communication achieves beneficial social
outcomes in a hidden-information context depends crucially on whether low-talent agents …