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We consider an experiment with a version of the Battle of the Sexes game with two-sided private information, preceded … information and subsequent payoffs from the game. We find that the players are overall truthful about their types in the cheap-talk … phase in both one-way and two-way talk. Furthermore, the unique symmetric cheap-talk equilibrium in the two-way cheap talk …
Persistent link: https://www.econbiz.de/10012429976
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
We consider an experiment with a version of the Battle of the Sexes game with two-sided private information, allowing a … their types in the cheap-talk phase in both one-way or two-way talk. Furthermore, the unique symmetric cheap-talk … 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
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
We examine 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 introduce two realistic features of communication by making the sending of messages …
Persistent link: https://www.econbiz.de/10010316867
We study the nature of dominance violations in three minimalist dominance-solvable guessing games, featuring two or three players choosing among two or three strategies. We examine how subjects' reported reasoning translates into their choices and beliefs about others' choices, and how reasoning...
Persistent link: https://www.econbiz.de/10010276436
The common prior assumption is pervasive in game-theoretic models with incomplete information. This paper investigates experimentally the importance of inducing a common prior in a two-person signaling game. For a specific probability distribution of the sender's type, the long-run behavior...
Persistent link: https://www.econbiz.de/10010277488
Coordination games have multiple equilibria under complete information. However, recent theoretical advances show that …
Persistent link: https://www.econbiz.de/10013208880
´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 problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics …. Contrary to previous experiments, we find that coordination on non-empty Strict Nash equilibria is not an easy task for … significantly helps coordination, but only when subjects are pre-instructed to think of the wheel network as a reasonable way to …
Persistent link: https://www.econbiz.de/10010312592