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private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The …
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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...
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coordination games. In this paper we analyze and discuss the solution concept for common coordination problems as incorporated in … considerable doubt on the idea of opportunistic team reasoning as a guide to coordination. Contrary to what TR would predict …
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consensus values. Strategic coordination can consequently explain poor performances of prediction markets as resulting from the … robustness of coordination in a forecasting setting implementing contradictory incentives for accurate forecasts and coordination …. Forecasts are shown to be inaccurate and biased toward current values. This in turn has subjects aiming at coordination benefits …
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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
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10010502689