Classic coordination failures revisited: the effects of deviation costs and loss avoidance

Are communication failures common? We revisit a classic example of experimental coordination failure and explore, in a 2x2 design, the effects of deviation costs and loss avoidance. Our results provide additional insights into the parametric determinants of laboratory coordination failures, and successes.

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Year of publication:	2010
Authors:	Devetag, Giovanna ; Ortmann, Andreas
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 30.2010, 2, p. 1633-1641
Publisher:	AccessEcon
Subject:	coordination games \| Pareto-ranked equilibria \| payoff-asymmetric equilibria \| optimization incentives \| robustness \| coordination failure

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C9 - Design of Experiments ; C7 - Game Theory and Bargaining Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008568094