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This paper provides experimental evidence on coordination within genuinely large groups that could proxy the atomistic nature of real-world markets and organizations. We use a bank-run game where the two pure-strategy equilibria "run" and "wait" can be ranked by payoff and risk-dominance and a...
Persistent link: https://www.econbiz.de/10012619580
Persistent link: https://www.econbiz.de/10012131323
This paper provides experimental evidence on coordination within genuinely large groups that could proxy the atomistic nature of real-world markets and organizations. We use a bank-run game where the two pure-strategy equilibria "run" and "wait" can be ranked by payoff and risk-dominance and a...
Persistent link: https://www.econbiz.de/10012244273
Persistent link: https://www.econbiz.de/10014229003