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An experimental investigation of Poisson Coordination games

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  • Ioannou, Christos A.
  • Makris, Miltiadis

Abstract

Poisson games have been proposed to address equilibrium indeterminacy in Coordination games. They model the number of actual players as a Poisson random variable to capture population uncertainty in large games. Two natural questions are (a) whether uncertainty about the number of actual players does have an impact on subjects' behavior, and if so (b) whether such behavior is consistent with the theoretical prediction of Poisson Coordination games. Investigating these questions is the focus of this paper. We find that uncertainty about the number of actual players may influence subjects' behavior. Crucially, such behavior is consistent with the theoretical prediction.

Suggested Citation

  • Ioannou, Christos A. & Makris, Miltiadis, 2017. "An experimental investigation of Poisson Coordination games," Discussion Paper Series In Economics And Econometrics 1506, Economics Division, School of Social Sciences, University of Southampton.
  • Handle: RePEc:stn:sotoec:1506
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    References listed on IDEAS

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    1. David Frankel & Ady Pauzner, 2000. "Resolving Indeterminacy in Dynamic Settings: The Role of Shocks," The Quarterly Journal of Economics, Oxford University Press, vol. 115(1), pages 285-304.
    2. Antonio Cabrales & Rosemarie Nagel & Roc Armenter, 2007. "Equilibrium selection through incomplete information in coordination games: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 10(3), pages 221-234, September.
    3. Laurent Bouton & Micael Castanheira, 2012. "One Person, Many Votes: Divided Majority and Information Aggregation," Econometrica, Econometric Society, vol. 80(1), pages 43-87, January.
    4. John Hey & Jinkwon Lee, 2005. "Do Subjects Separate (or Are They Sophisticated)?," Experimental Economics, Springer;Economic Science Association, vol. 8(3), pages 233-265, September.
    5. Makris, Miltiadis, 2008. "Complementarities and macroeconomics: Poisson games," Games and Economic Behavior, Elsevier, vol. 62(1), pages 180-189, January.
    6. Kneeland, Terri, 2016. "Coordination under limited depth of reasoning," Games and Economic Behavior, Elsevier, vol. 96(C), pages 49-64.
    7. Robert Ostling & Joseph T Wang & Eileen Chou & Colin F Camerer, 2007. "Field and Lab Convergence in Poisson LUPI games," Levine's Bibliography 122247000000001530, UCLA Department of Economics.
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    Cited by:

    1. Adrian Hillenbrand & Fabian Winter, 2017. "Volunteering under Population Uncertainty," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2017_12, Max Planck Institute for Research on Collective Goods.

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