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Using experimental methods, this paper investigates the limits of communication and leadership in aiding group … coordination in a minimum effort game. Choosing the highest effort is the payoff dominant Nash equilibrium in this game, and … communication and leadership are expected to help in coordinating on such an equilibrium. We consider an environment in which the …
Persistent link: https://www.econbiz.de/10014133453
We study the simultaneous move version of a coordination game in which failures arise due to the use (and fear) of … weakly dominated strategies. Existing evidence shows neither cheap talk communication between players nor historical …-talk communication. We find oath significantly improves the truthfulness of messages sent, as well as helps eliminating weakly dominated …
Persistent link: https://www.econbiz.de/10013113768
Coordination failures are at the heart of development traps. Although communication can reduce such failures, to date … experimental evidence has primarily been lab based. This paper studies the impact of communication in stag hunt coordination games … failure, as in many rural contexts. We find that communication increases coordination only in larger experimental groups …
Persistent link: https://www.econbiz.de/10014134218
This paper begins with contested issues among various approaches to institutions and seeks an analytical/conceptual framework for integrating them. Based on fundamental studies of knowledge theory and epistemic game theory, it discusses the role of institutions in substantive forms as societal...
Persistent link: https://www.econbiz.de/10010576969
n overview of the landmark contributions of Robert J. Aumann, winner of the 2005 Nobel Memorial Prize in Economic Sciences.
Persistent link: https://www.econbiz.de/10005752835
Aumann(1976) has shown that agents who have a common prior cannot have common knowledge of their posteriors for event E if these posteriors do not coincide. But given an event E, can the agents have posteriors with a common prior such that it is common knowledge that the posteriors for E *do*...
Persistent link: https://www.econbiz.de/10005550922
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Persistent link: https://www.econbiz.de/10011903543
Persistent link: https://www.econbiz.de/10012668184
We de.ne and analyze a strategic topology on types in the Harsanyi-Mertens-Zamir universal type space, where two types are close if their strategic behavior is similar in all strategic situations. For a .xed game and action de.ne the distance be-tween a pair of types as the diþerence between...
Persistent link: https://www.econbiz.de/10010272319