Behavioral Strategies in Repeated Pure Coordination Games
AbstractWe study experimentally a class of pure coordination games as a special case of the Consumer Choice of Prizes game developed by Rapoport et al. (2000). We find a high level of group coordination coupled with considerable switching in the choice of locations. Two models are proposed and tested to account for the results, one postulating the formation of conventions, and the other invoking the mixed strategy equilibrium solution for risk-neutral players. We reject both models as possible candidates to describe the behavioral regularities that we observe in the data. A third model that allows individual perturbations of commonly shared choice probabilities is proposed and tested. It accounts for the major results on the individual and aggregate levels.
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Bibliographic InfoPaper provided by EconWPA in its series Experimental with number 0110004.
Length: 32 pages
Date of creation: 19 Oct 2001
Date of revision:
Note: Type of Document - ZIP Acrobat PDF; prepared on PC; pages: 32; figures: included
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Coordination; Behavioral Strategies;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
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- Rami Zwick & Amnon Rapoport, 1999.
"Tacit Coordination in a Decentralized Market Entry Game with Fixed Capacity,"
- Rami Zwick & Amnon Rapoport, 2002. "Tacit Coordination in a Decentralized Market Entry Game with Fixed Capacity," Experimental Economics, Springer, vol. 5(3), pages 253-272, December.
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- Amnon Rapoport & Alison King Chung Lo & Rami Zwick, 2001.
"Choice of Prizes Allocated by Multiple Lotteries with Endogenously Determined Probabilities,"
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- Colin Camerer & Teck-Hua Ho, 1999. "Experience-weighted Attraction Learning in Normal Form Games," Econometrica, Econometric Society, vol. 67(4), pages 827-874, July.
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