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Coordination Games

In: Experimental Economics

Author

Listed:
  • Maríapaz Espinosa
  • Penélope Hernández

Abstract

In this chapter we focus on strategic situations, which fall under the umbrella of coordination games. Both in daily life and in the world of economics there are numerous situations in which we are required to coordinate with friends, professors, colleagues, other firms, etc. Coordination may sometimes appear to be an easy task, but yet in some cases, regardless of their importance, it can be elusive because certain features hinder the possibility of the agents’ coordinating their actions. Why do such coordination failures take place? What promotes or inhibits the human capacity to coordinate? This will be the subject matter of this chapter.

Suggested Citation

  • Maríapaz Espinosa & Penélope Hernández, 2015. "Coordination Games," Palgrave Macmillan Books, in: Pablo Branas-Garza & Antonio Cabrales (ed.), Experimental Economics, chapter 4, pages 53-71, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-53819-2_4
    DOI: 10.1057/9781137538192_4
    as

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