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We experimentally investigate coordination games in which cognition plays an important role, i.e., where outcomes are affected by the agents level of understanding of the game and the beliefs they form about each others' understanding. We ask whether and when repeated exposure permits agents to...
Persistent link: https://www.econbiz.de/10014028042
In common-interest spatial-dispersion games the agents' common goal is to choose distinct locations. We experimentally investigate the role of cognition in such games and compare it with the role of cognition in spatial matching games. In our setup cognition matters because agents may be...
Persistent link: https://www.econbiz.de/10013080368
In common-interest spatial-dispersion games, the agents common goal is to choose distinct locations. We experimentally investigate the role of cognition in such games and compare it with the role of cognition in spatial matching games. In our setup, cognition matters because agents may be...
Persistent link: https://www.econbiz.de/10014064983
Persistent link: https://www.econbiz.de/10001170755
We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre-play messages. In a laboratory experiment, we modify...
Persistent link: https://www.econbiz.de/10014042214
Persistent link: https://www.econbiz.de/10009491953
We examine communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre-play messages. In a laboratory experiment, we introduce two...
Persistent link: https://www.econbiz.de/10009740154
We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre-play messages. In a laboratory experiment, we modify...
Persistent link: https://www.econbiz.de/10010402605