Coordination games have multiple equilibria under complete information. However, recent theoretical advances show that …

proposed contagion mechanism applies generally in global coordination games and can also be applied to bank runs, sovereign …

perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when … perception is precise. When adding a small amount of cognitive imprecision to the model, we obtain a unique equilibrium where … framework has important implications for the literature on global games and, more broadly, illuminates the role of perception in …