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 Industrial Economics Division in its series Occasional Papers with number 7.
Length: 14 pages
Date of creation: 05 Mar 2004
Date of revision:
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coordination; incomplete information; salience; curse of knowledge;
Other versions of this item:
- Swee Hoon Chuah & Robert Hoffmann & Lee Chew Ging, 2004. "Coordination and Incomplete Information: an Experimental Study," Occasional Papers 6, Nottingham University Business School.
- 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
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