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conventional coordination, where subjects bet on only one alternative, subjects coordinate by the distribution of points. This … coordination. The data confirms the theoretical predictions regarding coordination behavior and demonstrates that the proposed … ordinary coordination. Finally, we point to the possibility to use the mechanism as a simple and direct tool to measure the …
Persistent link: https://www.econbiz.de/10011987024
findings corroborate that coordination games are a valid tool to elicit social norm perception on the subject level, as the … individuals' coordination choices are good predictors for their actual behavior. Third, average descriptive norms on the … norms using coordination games is a potentially powerful tool to predict behavior in settings that are otherwise difficult …
Persistent link: https://www.econbiz.de/10012103385
experimentally on the coordination problems caused by sunspot variables. It also extends the literature that focuses on coordination … run, the sunspot variable can lead to coordination of the payoff-dominated equilibrium (miscoordination). If the sunspot …
Persistent link: https://www.econbiz.de/10011662394
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10010502689
messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked …
Persistent link: https://www.econbiz.de/10010418867
Persistent link: https://www.econbiz.de/10011333542
Friendship is commonly assumed to reduce strategic uncertainty and enhance tacit coordination. However, this assumption … has never been tested across two opposite poles of coordination involving either strategic complementarity or … substitutability. We had participants interact with friends or strangers in two classic coordination games: the stag hunt game, which …
Persistent link: https://www.econbiz.de/10012215990
coordination device. The coordination power of sunspots has been analysed in theory and in experiments. However, some have … discussed whether sunspots, e.g., public announcements such as financial market ratings, can create coordination problems. That … forecast, trigger coordination problems? To answer that, we use a repeated three-player stag hunt game with fixed groups. In …
Persistent link: https://www.econbiz.de/10012233925
We discuss the strategy that rational agents can use to maximize their expected long-term payoff in the co-action minority game. We argue that the agents will try to get into a cyclic state, where each of the (2N+1) agents wins exactly N times in any continuous stretch of (2N+1) days. We propose...
Persistent link: https://www.econbiz.de/10011849525
Persistent link: https://www.econbiz.de/10010433959