This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The … order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …

exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …

We introduce experimental persuasion between Sender and Receiver. Sender chooses an experiment to perform from a … feasible set of experiments. Receiver observes the realization of this experiment and chooses an action. We characterize … the experiment. Our model includes Bayesian persuasion as the special case in which every experiment is feasible; however …

. If more investors invest at the same time, they share the costs. In the communication treatment, subjects can freely … communicate before choosing the investment time. We find that in groups of two players, communication increases cooperation and …

introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a … experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at …