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experiment based on answers to a trivia quiz. The coordination game has two equilibria: one is payoff dominant but risky, and the …We report the results of experiments designed to test the impact of social status on learning in a coordination game …. In the experiment, all subjects observe the play of an agent who either has high status or low status. In one treatment …
Persistent link: https://www.econbiz.de/10013125093
Persistent link: https://www.econbiz.de/10012109384
conforming to Nash equilibrium behavior. We conduct an experiment on a minority-of-three game in which each player is a team … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …
Persistent link: https://www.econbiz.de/10011734522
This paper uses a laboratory experiment to test the predictions of a dynamic global game designed to capture the self …
Persistent link: https://www.econbiz.de/10012729505
We analyze a class of coordination games in which the Kth player to submit an entry wins a contest. These games have an …
Persistent link: https://www.econbiz.de/10014173267
Tacit coordination in large groups is studied in an iterated market entry game with complete information and multiple … markets, we find remarkable coordination on the aggregate level, which is accounted for by the Nash equilibrium, together with …
Persistent link: https://www.econbiz.de/10014037618
We investigate the role of information feedback in rent-seeking games with two different contest structures. In the stochastic contest a contestant wins the entire rent with probability equal to her share of rent-seeking expenditures; in the deterministic contest she receives a share of the rent...
Persistent link: https://www.econbiz.de/10009618920
Persistent link: https://www.econbiz.de/10014470625
Global games of regime change – coordination games of incomplete information in which a status quo is abandoned once a … ; coordination ; multiple equilibria ; information dynamics ; crises …
Persistent link: https://www.econbiz.de/10008665284
The purpose of this paper is to identify learning in games in experimental economic settings, and apply their results to real multilateral trade negotiations, such as the Doha Development Agenda (DDA) in the World Trade Organizations (WTO). This paper argues that the structure of games including...
Persistent link: https://www.econbiz.de/10013003266