Showing 1 - 10 of 5,749
The paper analyzes the role of the structure of communication - i.e. who is talking with whom - on the choice of … messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked … analysis of credibility, the subjects should communicate and play the Pareto optimal equilibrium only when communication is …
Persistent link: https://www.econbiz.de/10010418867
obligatory. We compare coordination failure with efficient rationing as well as with compulsory serving of demand, and … losses. Our experimental results show that (possible) coordination failure affects behavior through two channels: via … anticipating losses but decrease after experiencing losses. Coordination failures are more probable after subjects experienced a …
Persistent link: https://www.econbiz.de/10011976964
Costless and non-binding pre-play communication (cheap talk) has been found to often be effective in achieving … uncertainty in the framework of a 2x2 coordination game, in which one choice leads to the same payoff regardless of the action of … the other person's play. Cheap talk is found to be effective, as there is much more coordination in both Signal treatments …
Persistent link: https://www.econbiz.de/10014122582
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10010502689
higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10011761639
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/10010402605
egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …
Persistent link: https://www.econbiz.de/10011734522
the impact of enhancing peer to peer communication on collective evacuation patterns by systematically layering … communication treatments upon the baseline treatment. An investigation of whether peer to peer communication can close the gap when …
Persistent link: https://www.econbiz.de/10012995448
This study experimentally investigates the role of two-sided cheap talk in decisions under asymmetric information. Unlike previous studies, our study also considers endogenous investment timing. In our experiments, subjects play two-player global games with asymmetric information. Before making...
Persistent link: https://www.econbiz.de/10012849211
solve coordination problems from past coordination success or failure. -- coordination ; precedent ; costly communication …Precedents can facilitate successful coordination within groups by reducing strategic uncertainty, but they may lead to … coordination failure when two groups with diverging precedents have to interact. This paper describes an experiment to explore how …
Persistent link: https://www.econbiz.de/10009156473