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We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre … communication. Consistent with the introspective character of GW-FI, the fraction of players who achieve efficient coordination by …
Persistent link: https://www.econbiz.de/10009358877
coordination by playing the recommended strategies. However, coordination and following recommendations vary significantly among …
Persistent link: https://www.econbiz.de/10010547018
that coordination and following recommendations vary significantly among our treatments. We explain these differences by …
Persistent link: https://www.econbiz.de/10010607547
two dimensions: the strength of the coordination motive and the information symmetry. We use the Morris and Shin (2002 … and a strong coordination motive. When we introduce private information or weaken the strength of the coordination motive …
Persistent link: https://www.econbiz.de/10008578148
coordination and distribution of coordinated outcomes across networks. But increasing the communication length improves both … efficiency an equity of coordination. In all treatments, coordination is mostly explained by convergence in communication. We …We study experimentally how the network structure and length of pre-play communication affect behavior and outcome in a …
Persistent link: https://www.econbiz.de/10008587475
.e., a turnaround. We compare communication from leaders to incentive increases and also compare the effectiveness of … randomly selected and elected leaders. While all interventions yield shifts to more efficient equilibria, communication from …
Persistent link: https://www.econbiz.de/10010851357
other hand the decision makers rely too much on the received information. Moreover, communication as well as payoffs … communication is less biased. In all treatments, however, the messages are more precise than theoretically predicted. …
Persistent link: https://www.econbiz.de/10010884477
.e., a turnaround. We compare communication from leaders to incentive increases and also compare the effectiveness of … randomly selected and elected leaders. While all interventions yield shifts to more efficient equilibria, communication from …
Persistent link: https://www.econbiz.de/10010836458
We consider a cheap-talk setting that mimics the situation where an incumbent firm the sender is endowed with … achieved without any communication. The reason is that receivers fail to optimally translate the information received in their …
Persistent link: https://www.econbiz.de/10010734891
in a cheap-talk game. We find evidence of the "disciplining" effect of public communication as compared to private … strategic thinking when communication is public. Using the level-k model, we exploit the within subject design to show how … individuals decrease their level-k in public communication. Surprisingly, we find that individuals become more sophisticated when …
Persistent link: https://www.econbiz.de/10010817403