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This paper presents an experiment on a coordination game with extrinsic random signals, in which we systematically vary …
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We design a laboratory experiment to test the importance of wealth as a channel for financial contagion across markets … fundamentals, we show that a coordination failure in the first market reduces investors' wealth, which makes them more likely to …
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Goeree & Holt (2001) observe that, for some parameter values, Nash equilibrium provides good predictions for actual behaviour in experiments. For other payoff parameters, however, actual behaviour deviates consistently from that predicted by Nash equilibria. They attribute the robust deviations...
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at coordinating action by followers. Two experiments using coordination games investigate whether female leaders are less …
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at coordinating action by followers. Two experiments using coordination games investigate whether female leaders are less …
Persistent link: https://www.econbiz.de/10012318844