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coordination in normal-form games with multiple equilibria ‒ the more equitable equilibrium might be selected either because …-subjects experimental design, furthermore, we study the relative performance of EQ in twelve simple 2x2 coordination games. In many of these … understand coordination …
Persistent link: https://www.econbiz.de/10013021896
subjective beliefs of players. In a laboratory experiment we measure subjects' certainty equivalents for three coordination games … and one lottery. Behavior in coordination games is related to risk aversion, experience seeking, and age. From the … distribution of certainty equivalents we estimate probabilities for successful coordination in a wide range of games. For many …
Persistent link: https://www.econbiz.de/10014061293
This work presents experimental results on a coordination game in which agents must repeatedly choose between two sides … aggregate level a quite remarkable degree of coordination is achieved. Providing players with full information about other …
Persistent link: https://www.econbiz.de/10014065544
We present experimental results on a repeated coordination game with Pareto-ranked equilibria in which a payoff from … remaining treatments. The paths of play in some groups reveal a tacit dynamic coordination by which groups converge to the … are higher, ceteris paribus, when increasing returns are present. Finally, successful coordination seems to crucially …
Persistent link: https://www.econbiz.de/10014065547
This article theoretically and experimentally examines the twin problems of free-riding and coordination failure faced … reflect intertemporal coordination issues), current and upcoming upper bound demands (to incorporate the perishable nature of …, then the full information provision would achieve donation efficiency in equilibrium. The results of laboratory experiment …
Persistent link: https://www.econbiz.de/10012860959
intermediary organizations facilitate coordination among donors and reduce such risks. To study this, we extend a threshold public …
Persistent link: https://www.econbiz.de/10012857834
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
A popular empirical technique to measure norms uses coordination games to elicit what subjects in an experiment … that subjects use their normative expectations to solve the coordination game. However, subjects might use alternative …
Persistent link: https://www.econbiz.de/10012239507
classic coordination problem exists. Using a well-established paradigm, we examine how a common cognitive state (insufficient … sleep) impacts coordination outcomes. Our data indicate that insufficient sleep increases coordination failure costs, which …
Persistent link: https://www.econbiz.de/10012213883
data from coordination games. The analysis shows that the model fits the data well as it matches the key stylized facts. It …
Persistent link: https://www.econbiz.de/10012608716