We study first- and second-order subjective expectations (beliefs) in strategic decision-making. We elicit … probabilistically both first- and second-order beliefs and apply the method to a Hide-and-Seek experiment. We study the relationship … comments collected at the end of the experiment shed light on how subjects think and decide in a complex environment that is …

. Subjects are less likely to make conditionally optimal production decision for given forecasts in treatment 3) where the …

played by human beings. In line with theory, the experiment does not allow the formulation of a clear preference in favor of … all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game …

in the experiment, making strategic complementarities and overreaction an issue of second order. …

We review theory and evidence relating to herd behaviour, payoff and reputational interactions, social learning, and … herding or cascading, and the incentives for parties to protect against or take advantage of herding or cascading by others. …

-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

with strategic complementarities. In static entry games, we test the theory of global games which posits that players play …