In games with strategic complementarities, public information about the state of the world has a larger impact on … equilibrium actions than private information of the same precision, because the former is more informative about the likely … reasoning. Stated second order beliefs indicate that subjects underestimate the information contained in public signals about …

. Whereas agents have a coordination motive to take the same position, at the social level effective market coordination per se … fundamental state. Some studies argue that it might be better to withhold public information because its potential to serve as a … focal point induces agents to exaggerate the importance of public announcements. This paper shows that public information …

In games with strategic complementarities, public information about the state of the world has a larger impact on … equilibrium actions than private information of the same precision, because the former is more informative about the likely … levels of reasoning. This paper analyzes the welfare effects of public information under limited levels of reasoning and …

In games with strategic complementarities, public information about the state of the world has a larger impact on … equilibrium actions than private information of the same precision, because public signals are more informative about the likely … the coordination component in a player’s utility increases, players put more weight on the public signal when making their …

This paper reconsiders the principal's problem of determining the optimal combination of risk taking and information … certain threshold, the central bank respectively the firm should commit to maximal risk and to disclosing private information … and to disseminate private information of lowest possible precision …

This paper reconsiders a central bank's problem of determining rules for information dissemination and risk … bank should commit to disclosing information with maximal precision. In addition, it should increase the risk of economic … performance. For good prior expectations, posterior information should be of lower precision, depending on the variance of …

on an informational structure, which sets free from the strict separation between public information and private … information. Diverse pieces of public information can be taken into account differently by players and are likely to lead to … these signals sufficiently differ. We derive some implications for information dissemination policy. Transparency in this …

In games with strategic complementarities, public information about the state of the world has a larger impact on … equilibrium actions than private information of the same precision, because the former is more informative about the likely … reasoning. Stated second order beliefs indicate that subjects underestimate the information contained in public signals about …

over-react to announcements, but not as much as what is theoretically predicted in models based on public information that …

In games with strategic complementarities, public information about the state of the world has a larger impact on … equilibrium actions than private information of the same precision, because the former is more informative about the likely … levels of reasoning. This paper analyzes the welfare effects of public information under such limited levels of reasoning and …