choice for players who do not want to risk coordination failure. By calculating the stability sets of these two pure …

conforming to Nash equilibrium behavior. We conduct an experiment on a minority-of-three game in which each player is a team … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …

conforming to Nash equilibrium behavior. We conduct an experiment on a minority-of-three game in which each player is a team … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …

conforming to Nash equilibrium behavior. We conduct an experiment on a minority-of-three game in which each player is a team … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co … process level to the validity of modeling behavior using low-rationality reinforcement learning models. -- coordination …

coordination device. The coordination power of sunspots has been analysed in theory and in experiments. However, some have … discussed whether sunspots, e.g., public announcements such as financial market ratings, can create coordination problems. That … forecast, trigger coordination problems? To answer that, we use a repeated three-player stag hunt game with fixed groups. In …

-based learning model, we conduct a multi-period, binary-choice, and weakest-link laboratory coordination experiment to study the …This study investigates a potential mechanism to promote coordination. With theoretical guidance using a belief … level of contribution immediately - on group coordination performance. We randomly assign subjects to three treatments …

feedback (strategic complementarity) - where optimistic (pessimistic) expectations can cause a boom (bust) - coordination … by coordination on trend-following behavior leading to (almost-)self-fulfilling equilibria. Heterogeneous expectations … implications of this coordination failure on the perfectly rational aggregate outcome and how policy can help to manage the self …