Showing 1 - 10 of 11
This paper examines whether and how communication can help groups solve coordination and free-rider problems when they compete with another group for a public-good prize. We find that when group members make an anonymous individual decision on whether or not to contribute to the group success,...
Persistent link: https://www.econbiz.de/10008528456
We analyze the problem of coordinating upon asymmetric equilibria in a symmetric game, such as the battle-of-the-sexes. In repeated interaction, asymmetric coordination is possible possible via symmetric repeated game strategies. This requires that players randomize initially and adopt a...
Persistent link: https://www.econbiz.de/10005407601
Schott et al. (2007) have shown that the “tragedy of the commons” can be overcome when individuals share their output equally in groups of optimal size and there is no communication. The assignment of individuals to groups as either strangers or partners does not significantly affect this...
Persistent link: https://www.econbiz.de/10008625834
We study experimentally a class of pure coordination games as a special case of the Consumer Choice of Prizes game developed by Rapoport et al. (2000). We find a high level of group coordination coupled with considerable switching in the choice of locations. Two models are proposed and tested to...
Persistent link: https://www.econbiz.de/10005408213
iteration of the same game along the lines suggested by anticipatory learning models. …
Persistent link: https://www.econbiz.de/10005556674
The "Weakest Link" is a game show full of paradox. To increase the probability of winning, contestants should eliminate the strongest players. Yet, if it is anticipated that the best player is to be eliminated, participants do not answer questions correctly and nothing is gained. We solve a game...
Persistent link: https://www.econbiz.de/10005556682
examine the sensitivity of this result to the ability of people to observe others' choices. Our experiments are set in a …
Persistent link: https://www.econbiz.de/10010547425
We study how the heterogeneity of agents affects the extent to which changes in financial incentives can pull a group out of a situation of coordination failure. We focus on the connections between cost asymmetries and leadership. Experimental subjects interact in groups of four in a series of...
Persistent link: https://www.econbiz.de/10010547446
We study manager-employee interactions in experiments set in a corporate environment where payoffs depend on employees …
Persistent link: https://www.econbiz.de/10010547458
patterns of behavior. Using controlled laboratory experiments, we study how financial incentives can be used to find a way out … of such performance traps. Our experiments are set in a corporate environment where subjects' payoffs depend on …
Persistent link: https://www.econbiz.de/10010547461