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This paper proposes a new communication protocol in coordination games with binary actions and Pareto-ranked equilibria … the payoff-dominant action in the second period if and only if everyone else waited. That is, efficient coordination is … achieved. In an experiment, we find that most subjects adopt the unique iteratively undominated strategy, and, thus, the …
Persistent link: https://www.econbiz.de/10012838087
environment. We apply our model to the coordination game in the experiment of Frydman and Nunnari (2023), and show that it offers …We analyze a coordination game with information-constrained players. The players' actions are based on a noisy …
Persistent link: https://www.econbiz.de/10014469169
experimentally the effects of discounting differentials in infinitely repeated coordination games. In our data, differential discount … factors play two roles. First, they provide a coordination anchor: more impatient players get higher payoffs first …. Introducing even small discounting differentials reduces coordination failures significantly. Second, with pronounced discounting …
Persistent link: https://www.econbiz.de/10014348138
experimentally the effects of discounting differentials in infinitely repeated coordination games. In our data, differential discount … factors play two roles. First, they provide a coordination anchor: more impatient players get higher payoffs first …. Introducing even small discounting differentials reduces coordination failures significantly. Second, with pronounced discounting …
Persistent link: https://www.econbiz.de/10014348845
Recent research has shown that women shy away from competition more often than men. We evaluate experimentally three alternative policy interventions to promote women in competitions: Quotas, Preferential Treatment, and Repetition of the Competition unless a critical number of female winners is...
Persistent link: https://www.econbiz.de/10010269854
benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … with a between-subject design in two treatments. In the experiments we find no gains from coordination. Instead, we find …
Persistent link: https://www.econbiz.de/10010274056
Recent research has shown that women shy away from competition more often than men. We evaluate experimentally three alternative policy interventions to promote women in competitions: Quotas, Preferential Treatment, and Repetition of the Competition unless a critical number of female winners is...
Persistent link: https://www.econbiz.de/10010294806
messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked …
Persistent link: https://www.econbiz.de/10010491446
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10010513229
coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In … coordination between group members, both leading to lower payoffs. However, these results depend strongly on the group's gender …
Persistent link: https://www.econbiz.de/10012290029