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Social interactions provide a set of incentives for regulating individual behavior. Chief among these is stigma, the status loss and discrimination that results from the display of stigmatized attributes or behaviors. The stigmatization of behavior is the enforcement mechanism behind social...
Persistent link: https://www.econbiz.de/10005118585
We use experiments to study coordination in games with incomplete information. In the games, one player knows the … form a stag-hunt there are two Pareto ranked pure strategy equilibria. We ask whether cheap talk aids coordination on the …
Persistent link: https://www.econbiz.de/10010552459
small mistakes, achieving coordination is inevitable and independent of the speed at which aspirations evolve. …
Persistent link: https://www.econbiz.de/10004977742
Correlated equilibria are sometimes more efficient than the Nash equilibria of a game without signals. We investigate whether the availability of quantum signals in the context of a classical strategic game may allow the players to achieve even better efficiency than in any correlated...
Persistent link: https://www.econbiz.de/10005062351
Reinforcement learning has proved quite successful in predicting subjects' adjustment behaviour in repeatedly played simple games. However, reinforcement learning does not predict convergence to the efficient cell in the minimal information game of mutual fate control, while earlier...
Persistent link: https://www.econbiz.de/10005407543
information. This way we are able to investigate (i) the coordination abilities of the subjects depending on the underlying game …
Persistent link: https://www.econbiz.de/10005407575
-of-the-sexes. In repeated interaction, asymmetric coordination is possible possible via symmetric repeated game strategies. This … asymmetric continuation paths. The multiplicity of possible conventions gives rise to a coordination problem at a higher level if … the game is one of pure coordination. However, if there is a slight conflict of interest between players, a unique optimal …
Persistent link: https://www.econbiz.de/10005407601
cooperation and coordination within teams. Using artificial agents, different social contests are created, as training …
Persistent link: https://www.econbiz.de/10005407620
Financial markets are to a very large extent influenced by the advent of information. Such disclosures, however, do not only contain information about fundamentals underlying the markets, but they also serve as a focal point for the beliefs of market participants. This dual role of information...
Persistent link: https://www.econbiz.de/10005550876
In experimental studies pairs that repeatedly play the simple coordination game mutual fate control may regularly fail …
Persistent link: https://www.econbiz.de/10005550889