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We report the results of experiments designed to test the impact of social status on learning in a coordination game … experiment based on answers to a trivia quiz. The coordination game has two equilibria: one is payoff dominant but risky, and the … other is risk-dominant. The latter is most commonly chosen in experiments where there is no coordination device.We find that …
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This paper uses a laboratory experiment to test the predictions of a dynamic global game designed to capture the self-fulfilling nature of speculative attacks. The game has two stages and a large number of heterogeneously informed agents deciding whether to attack the status quo. In the first...
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coordination and competition in a duopolistic setting. We show that disclosure always increases market efficiency but its effect on …
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