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We consider an experiment with a version of the Battle of the Sexes game with two-sided private information, allowing a … higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10011777646
We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …
Persistent link: https://www.econbiz.de/10011282459
coordination failure when two groups with diverging precedents have to interact. This paper describes an experiment to explore how …Precedents can facilitate successful coordination within groups by reducing strategic uncertainty, but they may lead to … such coordination failure can be mitigated and whether subjects are aware of it. In an initial phase, groups were able to …
Persistent link: https://www.econbiz.de/10010281540
We consider an experiment with a version of the Battle of the Sexes game with two-sided private information, preceded … talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10012429976
the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10010325937
´s knowledge public knowledge. The experiment replicates the results of earlier experimental studies (Dickhaut et al., 1995, Cai … other hand the decision makers rely too much on the received information. Moreover, communication as well as payoffs … communication is less biased. In all treatments, however, the messages are more precise than theoretically predicted. …
Persistent link: https://www.econbiz.de/10010369309
Coordination games have multiple equilibria under complete information. However, recent theoretical advances show that …
Persistent link: https://www.econbiz.de/10013208880
type-coordination property: it fully coordinates on the ex-post efficient pure Nash equilibrium when the players' types are … different. Type-coordination is also obtained in a partially revealing equilibrium in which only the High-type is not truthful …
Persistent link: https://www.econbiz.de/10011533759
organize data well in previous experiments meant to test other concepts. This experiment provides the first systematic test of …
Persistent link: https://www.econbiz.de/10010326221
In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a new refinement and stability measure that is...
Persistent link: https://www.econbiz.de/10010491401