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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 … ; coordination ; experiment …
Persistent link: https://www.econbiz.de/10003887190
Tuning one's shower in some hotels may turn into a challenging coordination game with imperfect information. The …. -- coordination ; heterogeneity ; adaptive learning ; non-linear system ; feedback …
Persistent link: https://www.econbiz.de/10003612880
In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can … are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …
Persistent link: https://www.econbiz.de/10011515836
talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10011928897
feedback (strategic complementarity) - where optimistic (pessimistic) expectations can cause a boom (bust) - coordination … by coordination on trend-following behavior leading to (almost-)self-fulfilling equilibria. Heterogeneous expectations … implications of this coordination failure on the perfectly rational aggregate outcome and how policy can help to manage the self …
Persistent link: https://www.econbiz.de/10011929804
information necessary for coordination. Drawing on ethnographic research, we test some specific predictions the model makes about …
Persistent link: https://www.econbiz.de/10012993629
other parameterizations. For example, we show that in coordination games EWA may only converge to the Pareto …
Persistent link: https://www.econbiz.de/10012854685
linking constraint and the marginal payoff from coordination. A restrictive linking constraint or a large marginal payoff from … coordinating on the maximum effort promotes efficient coordination. Even if these conditions are not satisfied, players need not to …
Persistent link: https://www.econbiz.de/10012859146
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
. Coordination is often influenced by intrinsic preferences among the available options, which drive people to associate with similar … peers, i.e., homophily. Many studies reported that behind coordination game equilibria there is the individuals … multiplex network who deal with coordination issues using social learning and payoff-driven dynamics. Agents form their …
Persistent link: https://www.econbiz.de/10012062102