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Commitments, intentions, truth and Nash equilibria
Schlag, Karl H.; Vida, Péter - 2013
Games with multiple Nash equilibria are believed to be easier to play if players can communicate. We present a simple model of communication in games and investigate the importance of when communication takes place. Sending a message before play captures talk about intentions, after play...
Persistent link: https://www.econbiz.de/10010200432
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Whom are you talking with? : an experiment on credibility and communication structure
Grandjean, Gilles; Mantovani, Marco; Mauleon, Ana; … - 2014
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
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The Braess Paradox and coordination failure in directed networks with mixed externalities
Mak, Vincent; Seale, Darryl A.; Gisches, Eyran J.; Yang, Rui - In: Production and operations management : the flagship … 27 (2018) 4, pp. 717-733
Persistent link: https://www.econbiz.de/10011970017
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Achieving perfect coordination amongst agents in the co-action minority game
Rajpal, Hardik; Dhar, Deepak - In: Games 9 (2018) 2/27, pp. 1-13
We discuss the strategy that rational agents can use to maximize their expected long-term payoff in the co-action minority game. We argue that the agents will try to get into a cyclic state, where each of the (2N+1) agents wins exactly N times in any continuous stretch of (2N+1) days. We propose...
Persistent link: https://www.econbiz.de/10011849525
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Trustworthy by convention
Bigoni, Maria; Stefania, Bortolotti; Marco, Casari; … - 2012
Social life offers innumerable instances in which trust relations involve multiple agents. In an experiment, we study a new setting called Collective Trust Game where there are multiple trustees, who may have an incentive to coordinate their actions. Trustworthiness has also a strategic...
Persistent link: https://www.econbiz.de/10011734290
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The minority game unpacked : coordination and competition in a team-based experiment
Devetag, Giovanna; Pancotto, Francesca; Brenner, Thomas - 2011
egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …
Persistent link: https://www.econbiz.de/10011734522
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Transparency is overrated : communicating in a coordination game with private information
Cabrales, Antonio; Drouvelis, Michalis; Gurguc, Zeynep; … - 2017
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
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Punishment fosters efficiency in the minimum effort coordination game
Le Lec, Fabrice; Matthey, Astrid; Rydval, Ondérej - 2012
Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a … repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency … efficiency. This suggests that decentralized monetary sanctions can play a major role as a coordination device in Pareto …
Persistent link: https://www.econbiz.de/10010291833
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Coordination in Evolving Networks with Endogenous Decay
Feri, Francesco; Meléndez-Jiménez, Miguel A. - 2009
direct and indirect connections. In addition to forming (costly) links, agents choose actions for a coordination game that … determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network …
Persistent link: https://www.econbiz.de/10010294802
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It's all about Connections: Evidence on Network Formation
Falk, Armin; Kosfeld, Michael - 2003
We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...
Persistent link: https://www.econbiz.de/10010262760