Showing 1 - 10 of 51,497
information asymmetry. The primary objective is to question whether endogenous leadership better enables coordination. A secondary … results are provided. We find that in theory leadership should allow coordination, whether or not preferences are common … knowledge. In practice we found that leadership did enable coordination but information about others preferences also helped …
Persistent link: https://www.econbiz.de/10010277801
We investigate, experimentally, the effects of leadership in a four player weak-link game. A weak-link game is a … leadership by example - in the form of one player acting publicly before the rest of the group - can lead to increased … results suggest that leadership has no effect on initial behavior; the first time that they play the game participants behave …
Persistent link: https://www.econbiz.de/10008479214
Numerous studies have looked at the factors that influence the likelihood of successful coordination. Two of the most important factors are the size of the group and whether communication is possible. To our knowledge, there has been no systematic study of the interaction between group size and...
Persistent link: https://www.econbiz.de/10010736872
information asymmetry. The primary objective is to question whether endogenous leadership better enables coordination. A secondary … results are provided. We find that in theory leadership should allow coordination, whether or not preferences are common … knowledge. In practice we found that leadership did enable coordination but information about others preferences also helped …
Persistent link: https://www.econbiz.de/10003881791
The paper explores a model of equilibrium selection in coordination games, where agents from an infinite population stochastically adjust their strategies to changes in their local environment. Instead of playing perturbed best-response, it is assumed that agents follow a rule of `switching to...
Persistent link: https://www.econbiz.de/10005753155
This paper presents results from an experiment designed to study the effect of self reporting risk preferences on strategy choices made in a subsequently played 2x2 coordination game. The main finding is that the act of answering a questionnaire about one's own risk preferences significantly...
Persistent link: https://www.econbiz.de/10010307602
We explore the economics and optimal design of "permissioned" distributed ledger technology (DLT) in a credit economy. Designated validators verify transactions and update the ledger at a cost that is derived from a supermajority voting rule, thus giving rise to a public good provision game....
Persistent link: https://www.econbiz.de/10012625331
If potential donors for a charity project possess the warm-glow properties in their preferences, we can represent their behavior with a coordination game. Accordingly, we construct a simultaneous incomplete information game model of charitable giving based on a simple global coordination game....
Persistent link: https://www.econbiz.de/10010332352
A distinctive feature of recent revolutions was the key role of social media (e.g. Facebook, Twitter and YouTube). We study the role of social media in mobilization. In a simple model we assume that while social media allow to observe all previous decisions, mass media only give aggregate...
Persistent link: https://www.econbiz.de/10010494571
Previous research shows that collective action to avoid a catastrophic threshold, such as a climate "tipping point," is unaffected by uncertainty about the impact of crossing the threshold but that collective action collapses if the location of the threshold is uncertain. Theory suggests that...
Persistent link: https://www.econbiz.de/10010333405