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We choose between alternatives without being fully informed about the rewards from different courses of action. In making our decisions, we use our own past experience and the experience of others. So the ways in which we interact - our social network - can influence our choices. These choices...
Persistent link: https://www.econbiz.de/10014025688
In this paper, the authors continue the pursuit of the self-coordination mechanism as studied in the El Farol Bar …
Persistent link: https://www.econbiz.de/10009713788
We analyze a coordination game with information-constrained players. The players' actions are based on a noisy … environment. We apply our model to the coordination game in the experiment of Frydman and Nunnari (2023), and show that it offers …
Persistent link: https://www.econbiz.de/10014469169
This paper investigates the role of endogenous timing of decisions on coordination under asymmetric information. In the … equilibrium of a global coordination game, where players choose the timing of their decision, a player who has sufficiently high … coordination: a learning effect (early decisions reveal information) and a complementarity effect (early decisions eliminate …
Persistent link: https://www.econbiz.de/10011049850
data from coordination games. The analysis shows that the model fits the data well as it matches the key stylized facts. It …
Persistent link: https://www.econbiz.de/10012608716
data from coordination games. The analysis shows that the model fits the data well as it matches the key stylized facts. It …
Persistent link: https://www.econbiz.de/10012602347
This paper examines strategic adaptation in participants’ behavior conditional on the type of their opponent. Participants played a constant-sum game for 100 rounds against each of three pattern-detecting computer algorithms designed to exploit regularities in human behavior such as...
Persistent link: https://www.econbiz.de/10014052194
Persistent link: https://www.econbiz.de/10012607406
messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked …
Persistent link: https://www.econbiz.de/10010418867
It is commonly assumed that friendship should decrease strategic uncertainty in games involving tacit coordination …. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and …
Persistent link: https://www.econbiz.de/10011660682