games with costless communication. CMR is a non-equilibrium theory combining rationalizability with the idea that players …

firms. Communication is often abused for explicit agreements and this strongly reduces competition. …

coordination failures among depositors, the two main culprits identified in the literature. Depositors withdraw when they observe …

world to a set of players who play a coordination game with multiple equilibria. While the Announcer and the players agree … that coordination is desirable, since the payoffs of the players at the equilibria are unequal, they disagree as to which … equilibrium is best. We demonstrate experimentally that in such coordination games, in order to mask the asymmetry of equilibrium …

studied, but how information affects strategic uncertainty is underexplored. This paper examines how two communication … fundamental and strategic uncertainty. I find that market does not improve coordination because the expectation that coordination … failures will occur is self-fulfilling, while cheap talk improves coordination because the signals of willingness to invest …

a flat-rate, opinion-mining scheme with an incentivized coordination game and compare their effectiveness in identifying … document the usefulness of an incentivized coordination game as a research tool and demonstrate how stereotypes persist exist …

We study the determinants of efficient behavior in stag hunt games (2x2 symmetric coordination games with Pareto ranked …

that subjects who play the risky but efficient action in a simple coordination game (i.e., play stag in a stag hunt game …