experimentally on the coordination problems caused by sunspot variables. It also extends the literature that focuses on coordination … run, the sunspot variable can lead to coordination of the payoff-dominated equilibrium (miscoordination). If the sunspot …

coordination device. The coordination power of sunspots has been analysed in theory and in experiments. However, some have … discussed whether sunspots, e.g., public announcements such as financial market ratings, can create coordination problems. That … forecast, trigger coordination problems? To answer that, we use a repeated three-player stag hunt game with fixed groups. In …

present an experiment on a coordination game in which extrinsic random signals may generate sunspot equilibria. They measure … the risk-dominant equilibrium. -- coordination games ; strategic uncertainty ; sunspot equilibria ; irrelevant information …