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biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to …As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes … affect how people picture the future. This paper studies the role of public information dissemination, or publicity, in a …
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Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one’s life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or...
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a game-theoretic foundation to rational expectations equilibria. …
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We study how cooperative behavior reacts to selective (favorable or unfavorable) pre-play information about the … to emerge. We find that cooperation crucially depends on pre-play information, coinciding with a change in initial … rather different social norms, depending on whether pre-play information was favorable or unfavorable. In addition, we find …
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