For a fixed game and a type structure that admits a common prior, Action Independence states that the conditional beliefs induced by the common prior do not depend on the player's own strategy. It has been conjectured that Action Independence can be behaviorally characterized by means of a...

Uncertain information is frequently confirmed or retracted after people have initially heard it. A large existing literature has studied how people change their beliefs in response to new information, however, how people react to information about previous information is still unclear. We...

In a novel experimental design we study public good games with dynamic interdependencies. Each agent's income at the end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously allowing us to address new questions regarding their...

Choice rules based on probability thresholds are common in several disciplines. The most well-known application of such a threshold rule is the standard of reasonable doubt. Accordingly, a rational juror prefers to convict a defendant if and only if the probability that she attaches to the...