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Coordination is central to social interactions. Theory and conventional lab experiments suggest that cheap talk …/communication can enhance coordination under certain conditions. Two aspects that remain underexplored are (1) the interaction between … both of these by studying a typical naturally-occurring setting that requires coordination; that is, one where members of …
Persistent link: https://www.econbiz.de/10012840413
Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called “bounded rationality …
Persistent link: https://www.econbiz.de/10013030618
We study information acquisition and dynamic withdrawal decisions when a spreading rumor exposes a solvent bank to a run. Uncertainty about the bank's liquidity and potential failure motivates depositors who hear the rumor to acquire additional noisy signals. Depositors with less informative...
Persistent link: https://www.econbiz.de/10013098473
disasters. When the probability of a disaster is high enough, the coordination game becomes like a prisoner's dilemma situation …
Persistent link: https://www.econbiz.de/10013031016
-stakes environment. For most others, improved coordination implies a drastic decline in monetary winnings. Prior to playing the social …
Persistent link: https://www.econbiz.de/10013232880
Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …
Persistent link: https://www.econbiz.de/10013216888
participants play a coordination game with information heterogeneity. We consider defense policies against speculative currency …
Persistent link: https://www.econbiz.de/10013213054
. However, coordination on a rule leaves arbitrators as a group vulnerable to manipulation by coalitions of employers or …
Persistent link: https://www.econbiz.de/10014074310
effects on cognition, productivity, decision-making, or well-being, and led to small decreases in labor supply. In contrast … increases in productivity, psychological well-being, and cognition, but a decrease in work time …
Persistent link: https://www.econbiz.de/10013233755
Financial decisions, be they related to asset building or debt management, require the capacity to do calculations, including some complex ones. But how numerate are individuals, in particular when it comes to calculations related to financial decisions? Studies and surveys implemented in both...
Persistent link: https://www.econbiz.de/10013110939