We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and … perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when … players use a simple cutoff strategy. The model further predicts that behavior is context-dependent: players implement the …

We study information acquisition in a coordination game with incomplete information. To capture the idea that players … their welfare and are rationally inattentive to other aspects. When coordination is valuable and information is cheap …, endogenous and flexible information acquisition enable players to acquire information that makes efficient coordination possible …

Existing experimental research on behavior in weakest-link games shows overwhelmingly the inability of people to … medium sized and large groups and show that neighborhood choice indeed leads to coordination on the fully efficient …