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Common knowledge plays an important role in coordination problems and coordination problems are central to many areas … communication in coordinating behaviour. …
Persistent link: https://www.econbiz.de/10005147050
The electronic mail game of Rubinstein (1989) showed that a lack of common knowledge generated by faulty communication …
Persistent link: https://www.econbiz.de/10005751126
The electronic mail game of Rubinstein (1989) showed that a lack of common knowledge generated by faulty communication …
Persistent link: https://www.econbiz.de/10004990808
The electronic mail game of Rubinstein (1989) showed that a lack of common knowledge generated by faulty communication … communication can make coordinated action impossible. This paper shows how this conclusion is robust to having a more realistic …
Persistent link: https://www.econbiz.de/10005093939
shown to be a central concept and often a necessary condition for coordination, equilibrium achievement, agreement, and … leads us to analyze the role of decentralized communication in order to deal with dynamic or endogenous information …
Persistent link: https://www.econbiz.de/10005385233
Common knowledge plays an important role in coordination problems and coordination problems are central to many areas … communication in coordinating behaviour …
Persistent link: https://www.econbiz.de/10014088719
This study reports a laboratory experiment wherein subjects play a hawk-dove game. We try to implement a correlated equilibrium with payoffs outside the convex hull of Nash equilibrium payoffs by privately recommending play. We find that subjects are reluctant to follow certain recommendations....
Persistent link: https://www.econbiz.de/10005835337
We study coordination in dynamic global games with private learning. Players choose whether and when to invest … tolerant of non-simultaneous coordination. We also identify conditions under which players coordinate on the risk …
Persistent link: https://www.econbiz.de/10011049831
game is not necessarily known by subjects a priori, which serves to highlight the additional coordination problem that is … a random device is more useful as a coordination mechanism when subjects are randomly matched. When subjects are in …
Persistent link: https://www.econbiz.de/10010878534
equilibrium, allowing analysis of a number of economic models of coordination failure. For symmetric binary action global games …
Persistent link: https://www.econbiz.de/10005762807