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We examine different populations' play in coordination games in online experiments with over a thousand subjects …. Subjects played a two-player coordination game that had multiple equilibria: two equilibria with highly asymmetric payoffs and …
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A set of voters consults experts before voting over two alternatives. Experts observe private signals about the values of the alternatives and can reveal their information or conceal it, but cannot lie. We examine how disclosure and voting vary with preference biases, signal precision, and the...
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We develop a theory of negotiation in which deals have multiple dimensions that can be bundled together. We use theory and experiments to show that in such settings efficient trade is possible even with substantial asymmetric information. The benefits of identifying areas of mutual gain guide...
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uncertainty about the state from uncertainty about the noise in communication. This result rationalizes long-run disagreement …
Persistent link: https://www.econbiz.de/10014344229
Exploiting small uncertainties on the part of opponents, players in long, finitely repeated games can maintain false reputations that lead to a large variety of equilibrium outcomes. Even cooperation in a finitely repeated prisoners' dilemma is obtainable. Can such false reputations be...
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more informative signals of people’s willingness to actively participate than other less costly forms of communication (e …
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