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It is commonly assumed that friendship should decrease strategic uncertainty in games involving tacit coordination …. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and …
Persistent link: https://www.econbiz.de/10011660682
. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and …. Friendship thus appears to have a very different impact on coordination games involving strategic complements and substitutes. We …
Persistent link: https://www.econbiz.de/10011817934
Friendship is commonly assumed to reduce strategic uncertainty and enhance tacit coordination. However, this assumption … has never been tested across two opposite poles of coordination involving either strategic complementarity or … substitutability. We had participants interact with friends or strangers in two classic coordination games: the stag hunt game, which …
Persistent link: https://www.econbiz.de/10012215990
multiple M equilibria exhibit coordination problems that could not be anticipated through the lens of existing models …
Persistent link: https://www.econbiz.de/10013231707
The wage effect of job-education vertical mismatch (i.e. overeducation) has only recently been investigated in the case of Ph.D. holders. The existing contributions rely on OLS estimates that allow measuring the average effect of being mismatched at the mean of the conditional wages...
Persistent link: https://www.econbiz.de/10011798125
Considering a pure coordination game with a large number of equivalent equilibria, we argue, first, that a focal point … two new roles of focal points as coordination devices …
Persistent link: https://www.econbiz.de/10012724999
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
conventional coordination, where subjects bet on only one alternative, subjects coordinate by the distribution of points. This … experiment on the elicitation of social norms (Krupka and Weber, 2013), we compare the proposed mechanism with conventional … coordination. The data confirms the theoretical predictions regarding coordination behavior and demonstrates that the proposed …
Persistent link: https://www.econbiz.de/10011987024
Social norms of cooperation are studied under several forms of communication. In an experiment, strangers could make …
Persistent link: https://www.econbiz.de/10011737254
Successful coordination is key for economic and societal wealth. The rich literature on the minimum-effort game (MEG …) has provided valuable insights into coordination, both theoretically and empirically. Yet, although real-world scenarios … often involve asymmetric benefits and/or costs from coordination, most previous studies rely on symmetric MEGs. We …
Persistent link: https://www.econbiz.de/10012438170