Arifovic, Jasmina; Hommes, Cars H.; Kopányi-Peuker, Anita - 2020 - Last updated: July 6, 2020
This paper provides experimental evidence on coordination within genuinely large groups that could proxy the atomistic nature of real-world markets and organizations. We use a bank-run game where the two pure-strategy equilibria "run" and "wait" can be ranked by payoff and risk-dominance and a...