equilibrium in symmetric (2 x 2) coordination games. Because the need to coordinate exposes players to strategic risk, we treat … the designer as able to implement an equilibrium only if the players believe it is also risk dominant. The designer's task … is therefore to pool the set of states in which the desired equilibrium is risk dominant with the largest possible set in …

Early results of evolutionary game theory showed that the risk dominant equilibrium is uniquely selected in the long … nonbest response is state-dependent. This paper shows that the unique selection of the risk dominant equilibrium is robust … exists a minimum population size beyond which the risk dominant equilibrium is uniquely selected. Our result is driven by …

role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties …

Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an … endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that … offset the increased benefits from cooperation due to the presence of endogenous risk and the Great Fish Pact returns to …

group of players who either go for the risk dominant equilibrium or act in a boundedly rational manner. This heterogeneity …