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Do we all coordinat...
Do we all coordinate in the long run?
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- Gärtner, Manja (författare)
- Linköpings universitet,Nationalekonomi,Filosofiska fakulteten,German Inst Econ Res DIW Berlin, Germany,German Institute for Economic Research
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- Östling, Robert (författare)
- Stockholm School of Economics,Handelshögskolan i Stockholm
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- Tebbe, Sebastian, 1992- (författare)
- Stockholms universitet,Institutet för internationell ekonomi,Stockholm Univ, Sweden,Stockholm University
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(creator_code:org_t)
- 2023-02-06
- 2023
- Engelska.
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Ingår i: Journal of the Economic Science Association (JESA). - : Springer Science and Business Media LLC. - 2199-6776 .- 2199-6784. ; 9:1, s. 16-33
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Abstract
Ämnesord
Stäng
- Players often fail to coordinate on the efficient equilibrium in laboratory weak-link coordination games. In this paper, we investigate whether such coordination failures can be mitigated by increasing the number of rounds or altering per-period stakes. We find that neither time horizon nor stakes affect equilibrium selection. In contrast to previous findings, players are not more likely to play above the previous period’s minimum choice when the horizon is longer or per-period stakes lower. We also investigate which socio-demographic factors and behavioral traits correlate most strongly with play both in the first round and in subsequent rounds. Cognitive ability as measured by a cognitive reflection test stands out as the characteristic that is most strongly associated with efficient coordination.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
- SAMHÄLLSVETENSKAP -- Psykologi -- Psykologi (hsv//swe)
- SOCIAL SCIENCES -- Psychology -- Psychology (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Nyckelord
- Coordination games
- Weak-link games
- Coordination failure
- Strategic risk
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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