4 papers
Measuring Information Burden: From Coalition-Based Reasoning to the Price System
Shuige Liu
The price system is often said to economize on information. This paper asks how much information it saves. I develop a formal framework for measuring the informational burden that…
Reasoning about Bounded Reasoning
Shuige Liu, Gabriel Ziegler
In experimental applications of bounded-reasoning models, behavior is often summarized by distributions of "levels". We argue that such summaries conflate two conceptually distinct…
Pecuniary Externality, Ideology and Sphere of Influence
Tomoo Kikuchi, Shuige Liu, Lien Pham
We build a game-theoretic model to formalize Kindleberger's (1996) idea of the public good of leadership. Two superpowers use ideology to compete for influence by forming clubs who…
When Truth Does Not Take on Its Shoes: How Misinformation Spreads in Chatrooms
Shuige Liu
We examine how misinformation spreads in social networks composed of individuals with long-term offline relationships. Especially, we focus on why misinformation persists and diffu…