Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10003897090
Persistent link: https://www.econbiz.de/10009238612
We present an experiment in which extrinsic information (signals) may generate sunspot equilibria. The underlying coordination game has a unique symmetric non-sunspot equilibrium, which is also risk-dominant. Other equilibria can be ordered according to risk dominance. We introduce salient but...
Persistent link: https://www.econbiz.de/10010535927