We study how information affects equilibria and welfare in games. For an agent, more precise information about an … obtain either a non-increasing mean or a non-decreasing-mean spread of actions whenever information precision increases for … environments. In persuasion games, we derive sufficient conditions that lead to extremal disclosure of information. In …

: individuals often form prior beliefs from biased sampling and update those beliefs by improperly weighting new information. This …

We use a laboratory experiment to study how mutual payoff information affects play in strategic settings. Subjects play … the Prisoner's Dilemma or Stag Hunt game against randomly re-matched opponents under two information treatments. In our … partial-information treatment subjects are shown only their own payoffs, while in our full-information treatment they are …

An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the … probability than a bad one. The entrepreneur makes an upfront payment that the consultant can either invest in information … entrepreneurs so long as his informal referrals remain high. The principal finds it optimal to under-utilize information if she uses …

which agents receive private information over time. We propose a suitable generalization of the Vickrey …