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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/10012479993
Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …
Persistent link: https://www.econbiz.de/10012467670
-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/10012468893
participants play a coordination game with information heterogeneity. We consider defense policies against speculative currency …
Persistent link: https://www.econbiz.de/10012468931
. However, coordination on a rule leaves arbitrators as a group vulnerable to manipulation by coalitions of employers or …
Persistent link: https://www.econbiz.de/10012475176
that subjects who play the risky but efficient action in a simple coordination game (i.e., play stag in a stag hunt game …
Persistent link: https://www.econbiz.de/10015421930
exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …
Persistent link: https://www.econbiz.de/10014544680
experimentally the effects of discounting differentials in infinitely repeated coordination games. In our data, differential discount … factors play two roles. First, they provide a coordination anchor: more impatient players get higher payoffs first …. Introducing even small discounting differentials reduces coordination failures significantly. Second, with pronounced discounting …
Persistent link: https://www.econbiz.de/10014287389
environment. We apply our model to the coordination game in the experiment of Frydman and Nunnari (2023), and show that it offers …We analyze a coordination game with information-constrained players. The players' actions are based on a noisy …
Persistent link: https://www.econbiz.de/10014486205
We provide twelve best practices and discuss how each practice can help researchers accurately, credibly, and ethically use Generative AI (GenAI) to enhance experimental research. We split the twelve practices into four areas. First, in the pre-treatment stage, we discuss how GenAI can aid in...
Persistent link: https://www.econbiz.de/10015094867