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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
together rather than investing separately. We study the coordination and cooperation problems that might hinder successful … collaboration in a dynamic network setting. We develop an experiment in which coordination problems are mainly due to finding … collaborate. The results show that as costs of forming links increase, groups succeed less often in solving the coordination …
Persistent link: https://www.econbiz.de/10009752455
Successful coordination is key for economic and societal wealth. The rich literature on the minimum-effort game (MEG …) has provided valuable insights into coordination, both theoretically and empirically. Yet, although real-world scenarios … often involve asymmetric benefits and/or costs from coordination, most previous studies rely on symmetric MEGs. We …
Persistent link: https://www.econbiz.de/10012438170
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We study games with natural-language labels (i.e., strategic problems where options are denoted by words), for which we propose and test a measurable characterization of prominence. We assume that-ceteris paribus-players find particularly prominent those strategies that are denoted by words more...
Persistent link: https://www.econbiz.de/10012432864
Persistent link: https://www.econbiz.de/10003651833
Persistent link: https://www.econbiz.de/10008937459
This paper proposes a new communication protocol in coordination games with binary actions and Pareto-ranked equilibria … the payoff-dominant action in the second period if and only if everyone else waited. That is, efficient coordination is … introduction of the delay option significantly promotes efficient coordination …
Persistent link: https://www.econbiz.de/10012838087
coordination motive, ending up in the undervalueing of public information. We show, in the context of a delegation game, how firm … managers. By doing so, they also enhance the managers' concern for coordination and consequently heighten the weight put on …
Persistent link: https://www.econbiz.de/10012904447
We examine different populations' play in coordination games in online experiments with over a thousand subjects …. Subjects played a two-player coordination game that had multiple equilibria: two equilibria with highly asymmetric payoffs and …
Persistent link: https://www.econbiz.de/10012973594