We analyze an agency model where one individual decides how much evidence he collects. We assume that he has free access to information, but all the news acquired become automatically public. Conditional on the information disclosed, a second individual with conflicting preferences undertakes an...

We study in the laboratory the behavior of children and adolescents (ages 7 to 16) in two repeated coordination games. Reaching the efficient and fair long run outcome (EFO) requires participants to share intentions and beliefs: a coordination of actions in stag hunt, and a coordination of...

Based on recent neuroscience evidence, we model the brain as a dual-system organization subject to three conflicts: asymmetric information, temporal horizon, and incentive salience. Under the first and second conflicts, we show that the uninformed system imposes a positive link between...