As an undergraduate he spent time studying abroad at Oberlin College, where he played on the men's basketball team.
[2] Hellwig studied the effects of exogenous and endogenous public information in global coordination games and showed that multiplicity of equilibria is restored under fairly general conditions.
[3] Steven Morris and Hyun Song Shin considered a stylized currency crises model, in which traders observe the relevant fundamentals with small noise, and show that this leads to the selection of a unique equilibrium.
[5] Hellwig and co-authors (2006) address the concern by Atkeson (2001) by considering a more explicit market structure and model the public information endogenously as an interest rate signal.
[6] They show that equilibrium multiplicity may be restored by the endogenous public signal, provided that private information is sufficiently precise, which coincides with the findings by Angeletos and Werning (2006).