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benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … ; coordination ; experiment … 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/10003887190
messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked …
Persistent link: https://www.econbiz.de/10010418867
We choose between alternatives without being fully informed about the rewards from different courses of action. In making our decisions, we use our own past experience and the experience of others. So the ways in which we interact - our social network - can influence our choices. These choices...
Persistent link: https://www.econbiz.de/10014025688
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
We run a laboratory experiment with a two-person game with unique pure Nash equilibrium which is also the solution of …
Persistent link: https://www.econbiz.de/10011962034
This study experimentally investigates the role of two-sided cheap talk in decisions under asymmetric information. Unlike previous studies, our study also considers endogenous investment timing. In our experiments, subjects play two-player global games with asymmetric information. Before making...
Persistent link: https://www.econbiz.de/10012849211
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10010502689
coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In … coordination between group members, both leading to lower payoffs. However, these results depend strongly on the group's gender …
Persistent link: https://www.econbiz.de/10012285502
We report experimental evidence on gender differences in financial decision that involves three depositors choosing between waiting or withdrawing their money from a common bank. We find that the position in the line, the fact of being observed and the observed decisions are key determinants to...
Persistent link: https://www.econbiz.de/10010251053
coordination games. In this paper we analyze and discuss the solution concept for common coordination problems as incorporated in … resulting restrictions in using private information. We report results from a laboratory experiment in which teams were given a … considerable doubt on the idea of opportunistic team reasoning as a guide to coordination. Contrary to what TR would predict …
Persistent link: https://www.econbiz.de/10010350073