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Coordination, Timing and Common Knowledge

Morris, Stephen - 2014

There is tight link between coordination and common knowledge. The role of higher order beliefs in static incomplete information games has been widely studied. In particular, information frictions breaks down common of payoffs. A large literature in economics examines dynamic coordination...

Persistent link: https://www.econbiz.de/10013054999

Cooperative Initiative through Pre-Play Communication in One-Shot Games

Hernandez-Lagos, Pablo - 2015

This paper considers two games, a stag hunt and a prisoners' dilemma. Each game features non-binding, costless, and free-form pre-play communication. I focus on players who verbally first suggest cooperation in each game. I study experimentally whether the frequency of verbal initiative-taking...

Persistent link: https://www.econbiz.de/10013032746

Games with Incomplete Information When Players are Partially Aware of Others' Signals

Liu, Zhen - 2015

Empirical and experimental findings suggest that players may underestimate others' private information in incomplete-information games. We modify standard epistemic assumptions of static incomplete-information games to allow partial signal-awareness. That is, players can be unaware of some of...

Persistent link: https://www.econbiz.de/10013037266

How Do Market Prices and Cheap Talk Affect Coordination?

Qu, Hong - 2013

about economic fundamentals and the strategies of other investors. How information affects fundamental uncertainty is well … studied, but how information affects strategic uncertainty is underexplored. This paper examines how two communication … fundamental and strategic uncertainty. I find that market does not improve coordination because the expectation that coordination …

Persistent link: https://www.econbiz.de/10013079088

Interlinkage, Limited Liability, and Strategic Interaction

Basu, Kaushik - 2016

When will a landlord prefer to supply both land and credit to a tenant rather than allow the lender to borrow from a separate moneylender? The paper shows that if tenancy contracts are obtained prior to contracting with the moneylender, and the tenant has limited liability, interlinked deals...

Persistent link: https://www.econbiz.de/10012749003

Signaling in deterministic and stochastic settings

Jeitschko, Thomas D.; Normann, Hans-Theo - 2011

We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...

Persistent link: https://www.econbiz.de/10009355251

Contagion through learning

Steiner, Jakub; Stewart, Colin - In: Theoretical economics : TE ; an open access journal in … 3 (2008) 4, pp. 431-458

We study learning in a large class of complete information normal form games. Players continually face new strategic situations and must form beliefs by extrapolation from similar past situations. We characterize the long-run outcomes of learning in terms of iterated dominance in a related...

Persistent link: https://www.econbiz.de/10011700119

Team production and esteem : a dual selves model with belief-dependent preferences

Greiff, Matthias - In: Games 10 (2019) 3/33, pp. 1-20

We propose a dual selves model to integrate affective responses and belief-dependent emotions into game theory. We apply our model to team production and model a worker as being composed of a rational self, who chooses effort, and an emotional self, who expresses esteem. Similar to psychological...

Persistent link: https://www.econbiz.de/10012062314

Behavioural isomorphism, cognitive economy and recursive thought in non-transitive game strategy

Dyson, Benjamin J. - In: Games 10 (2019) 3/32, pp. 1-14

Game spaces in which an organism must repeatedly compete with an opponent for mutually exclusive outcomes are critical methodologies for understanding decision-making under pressure. In the non-transitive game rock, paper, scissors (RPS), the only technique that guarantees the lack of...

Persistent link: https://www.econbiz.de/10012062319

Can society function without ethical agents? : an informational perspective

Strulovici, Bruno - 2020

Many facts are learned through the intermediation of individuals with special access to information, such as law enforcement officers, officials with a security clearance, or experts with specific knowledge. This paper considers whether societies can learn about such facts when information is...

Persistent link: https://www.econbiz.de/10012169405