signals, no perfect public equilibrium is robust if it induces a “regular” 2×2 coordination game in the continuation play …

This paper studies the interaction between coordination and social learning in a dynamic regime change game. Social … learning provides public information, to which players overreact due to the coordination motive. Coordination affects the … herding disappears, and thus coordination is almost surely successful …

This paper studies the interaction between coordination and social learning in a dynamic regime change game. Social … learning provides public information to which players overreact due to the coordination motive. So coordination affects the …, social learning is a source of coordination failure. An extension shows that if players could individually learn, inefficient …

In a global game, larger ambiguity is shown to decrease the amount of coordination each player perceives. Consequently …

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 …