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We report results from a laboratory experiment that explores the effects of preference communication and leader …. We also find that preference communication by non-leaders is frequently strategic. …
Persistent link: https://www.econbiz.de/10010222348
for coordination improves horizontal communication but worsens vertical communication. As a result, no matter how …This paper compares centralized and decentralized coordination when managers are privately informed and communicate … important coordination is, decentralization dominates centralization if the division managers are not too biased towards their …
Persistent link: https://www.econbiz.de/10014056693
The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...
Persistent link: https://www.econbiz.de/10010353550
can deliberate secretly. To test the model's key predictions, we run an experiment. The results from the laboratory …
Persistent link: https://www.econbiz.de/10012549435
Persistent link: https://www.econbiz.de/10011590702
We study how response time in a laboratory experiment on bank runs affects withdrawal decisions. In our setup, the bank …
Persistent link: https://www.econbiz.de/10012011103
Quantal response equilibrium (QRE) of McKelvey and Palfrey (1995) relaxes the rationality requirement of Nash equilibrium by allowing for probabilistic mistakes or “noise in actions” while maintaining that beliefs are correct. QRE is well-studied, and much is known about the falsifiable...
Persistent link: https://www.econbiz.de/10012852990
Persistent link: https://www.econbiz.de/10010196971
multiple M equilibria exhibit coordination problems that could not be anticipated through the lens of existing models …
Persistent link: https://www.econbiz.de/10013231707
benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … with a between-subject design in two treatments. In the experiments we find no gains from coordination. Instead, we find …
Persistent link: https://www.econbiz.de/10010274056