Showing 41 - 50 of 129,100
We investigate the effect of absence of common knowledge on the outcomes of coordination games in a laboratory … experiment. Using cognitive types, we can explain coordination failure in pure coordination games while differentiating between … coordination failure due to first- and higher-order beliefs. In our experiment, around 76% of the subjects have chosen the payoff …
Persistent link: https://www.econbiz.de/10011537616
In symmetric binary-choice coordination games, the global-game selection (GGS) has been proven to predict a high …
Persistent link: https://www.econbiz.de/10014476806
coordination and distribution of coordinated outcomes across networks. But, increasing the communication length improves both … efficiency and equity of coordination. In all treatments, coordination is mostly explained by convergence in communication. We …We study experimentally how the network structure and length of pre-play communication affect behavior and outcome in a …
Persistent link: https://www.econbiz.de/10014200671
This paper proposes a new communication protocol in coordination games with binary actions and Pareto-ranked equilibria … the payoff-dominant action in the second period if and only if everyone else waited. That is, efficient coordination is … introduction of the delay option significantly promotes efficient coordination …
Persistent link: https://www.econbiz.de/10012838087
We run a laboratory experiment with a two-person game with unique pure Nash equilibrium which is also the solution of the iterative elimination of strictly dominated strategies. The subjects are asked to commit to a device that randomly picks one of three symmetric outcomes in this game...
Persistent link: https://www.econbiz.de/10011962034
We study whether coordination failure is more often overcome if players can easily disclose their actions. In an … disclosure costs are varied between treatments. We find that no group overcomes coordination failure when action disclosure costs … groups will overcome coordination failure, but only if it is assumed that players are either farsighted, risk-seeking or pro …
Persistent link: https://www.econbiz.de/10012903428
Tacit coordination in large groups is studied in an iterated market entry game with complete information and multiple … markets, we find remarkable coordination on the aggregate level, which is accounted for by the Nash equilibrium, together with …
Persistent link: https://www.econbiz.de/10014037618
their types in the cheap-talk phase in both one-way or two-way talk. Furthermore, the unique symmetric cheap-talk … higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10011777646
round of the game. Beyond improving coordination, communication increases efficiency by making subjects' play more lenient …Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well …
Persistent link: https://www.econbiz.de/10011925584
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 … of one addition to the design: subjects sign a truth-telling oath before participating to the game with cheap-talk …
Persistent link: https://www.econbiz.de/10013113768