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benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … ; coordination ; experiment … with a between-subject design in two treatments. In the experiments we find no gains from coordination. Instead, we find …
Persistent link: https://www.econbiz.de/10003887190
benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … with a between-subject design in two treatments. In the experiments we find no gains from coordination. Instead, we find …
Persistent link: https://www.econbiz.de/10004964125
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
This study experimentally investigates the role of two-sided cheap talk in decisions under asymmetric information. Unlike previous studies, our study also considers endogenous investment timing. In our experiments, subjects play two-player global games with asymmetric information. Before making...
Persistent link: https://www.econbiz.de/10012849211
coordination games, uncertain only about each other's strategy choices. The large strategy spaces of VHBB's designs and the variety … treatments. Explaining these differences promises to shed considerable light on equilibrium selection and coordination more …
Persistent link: https://www.econbiz.de/10014064520
We ran a controlled laboratory experiment to examine whether ChatGPT's aid can increase the participants' performance …
Persistent link: https://www.econbiz.de/10014496516
We analyze continuous-time games of strategic experimentation with two-armedbandits when there is no discounting. We show that for all specifications of priorbeliefs and payoff-generating processes that satisfy some separability condition, the unique symmetric Markov perfect equilibrium can be...
Persistent link: https://www.econbiz.de/10011345769
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
coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In … coordination between group members, both leading to lower payoffs. However, these results depend strongly on the group's gender …
Persistent link: https://www.econbiz.de/10012285502
coordination games. In this paper we analyze and discuss the solution concept for common coordination problems as incorporated in … resulting restrictions in using private information. We report results from a laboratory experiment in which teams were given a … considerable doubt on the idea of opportunistic team reasoning as a guide to coordination. Contrary to what TR would predict …
Persistent link: https://www.econbiz.de/10010350073