Coordination and Incomplete Information: an Experimental Study
AbstractThis paper presents experimental evidence demonstrating that agents' knowledge of strategy alternatives in pure coordination games is inversely correlated with decision-making efficacy. Alternative theoretical accounts of players' choice processes in coordination games are considered to shed light on our empirical results.
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Bibliographic InfoPaper provided by Nottingham University Business School in its series Occasional Papers with number 6.
Length: 14 pages
Date of creation: 05 Mar 2004
Date of revision:
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Other versions of this item:
- Swee Hoon Chuah & Robert Hoffmann & Lee Chew Ging, 2004. "Coordination and Incomplete Information: an Experimental Study," Occasional Papers 7, Industrial Economics Division.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-03-07 (All new papers)
- NEP-CBE-2004-03-07 (Cognitive & Behavioural Economics)
- NEP-EXP-2004-03-07 (Experimental Economics)
- NEP-MIC-2004-03-07 (Microeconomics)
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