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 suggest how to engineer coordination successes in the laboratory, and possibly in the wild.

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Year of publication:	2007-04
Authors:	Devetag, Giovanna ; Ortmann, Andreas
Institutions:	Center for Economic Research and Graduate Education and Economics Institute (CERGE-EI)
Subject:	Coordination games \| Pareto-ranked equilibria \| payoff-asymmetric equilibria \| optimization incentives \| robustness \| coordination failure

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Extent:	application/pdf
Series:	CERGE-EI Working Papers.
Type of publication:	Book / Working Paper
Classification:	C72 - Noncooperative Games ; C92 - Laboratory; Group Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005146527