What Situation Is This? Shared Frames and Collective Performance

We study agents who distill the complex world around them using cognitive frames. We assume that agents share the same frame and analyze how the frame affects their collective performance. In one-shot and repeated interactions, the frame causes agents to be either better or worse off than if they could perceive the environment in full detail: it creates a fog of cooperation or a fog of conflict. In repeated interactions, the frame is as...