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experiment. Using cognitive types, we can explain coordination failure in pure coordination games while differentiating between … coordination failure due to first- and higher-order beliefs. In our experiment, around 76% of the subjects have chosen the payoff …We investigate the effect of absence of common knowledge on the outcomes of coordination games in a laboratory …
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Experimental Business Research includes papers that were presented at the First Asian Conference on Experimental Business Research held at the Hong Kong University of Science and Technology (HKUST), on December 7-10, 1999. The conference was organized by the Center for Experimental Business...
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We experimentally investigated whether continuous-time cheap talk improves the effort level in a minimal effort game with multiple Pareto-ranked Nash equilibria. In each round of the game, a player freely changes the message before he or she makes decisions, and constantly monitors other...
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This paper presents results from an experiment designed to study the effect of self reporting risk preferences on … strategy choices made in a subsequently played 2 X 2 coordination game. The main finding is that the act of answering a … questions about the stability of strategy choices in coordination games. -- coordination game ; questionnaire ; risk preferences …
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