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We report experimental results on the minority of three-game, where three players choose one of two alternatives and the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria in pure strategies that are non-strict and...
Persistent link: https://www.econbiz.de/10009752419
group play. The validity of the measures is tested in an experiment. We find that roughly 20% of the plays exhibit dynamics …
Persistent link: https://www.econbiz.de/10009752437
We experimentally investigate whether human subjects are willing to give up individual freedom in return for the benefits of improved coordination. We conduct a modified iterated public goods game in which subjects in each period first decide which of two groups to join. One group employs a...
Persistent link: https://www.econbiz.de/10010240835