Chaudhuri, Ananish; Zhou, Chenan; Prak, Parapin; … - In: Economics Bulletin 3 (2006) 1, pp. 1-10
We build on Van Huyck, Gillette and Battalio (1992) and examine the efficacy of credible assignments in a stag-hunt type coordination game with two Pareto-ranked equilibria, one payoff dominant and the other risk dominant. The majority of our subjects fail to coordinate to the payoff dominant...