In final offer arbitration the decision of the arbitrator provides the parties with information about the preferences …

the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria …

egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …

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 …