This minimal information can be enriched with details of the underlying phonological and informational structure of the message, with facial expressions, or with paralinguistic information (mental or emotional state) that all have an impact on speech articulation.
The rate of information diffusion and, consequently, price discovery are conditional not only upon the design of the market microstructure but also the informational structure.
Paying attention not only to what players do, but also to what they know, it is possible to better understand the cognitive processes guiding their choices and, consequently, the impact of the informational structure on their behavior.
It's probably the biggest change in the informational structure of markets and the economy [in a long time].
Dell'Ariccia and Marquez (2006) examine the bank's lending behavior, standard, mechanisms of credit allocation under the informational structure of borrower creditworthiness.
We should perhaps not be surprised that NE analysis alone often fails to tell us much of applied, empirical interest about strategic-form games (e.g., Figure 6 above), in which informational structure is suppressed.
