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Coordination and local interaction: Experimental evidence

Author

Listed:
  • Keser, Claudia

    () (Institut für Statistik und Mathematische Wirtschaftstheorie)

  • Ehrhart, Karl-Martin

    () (Universitaet Karlsruhe)

  • Berninghaus, Siegfried K.

    () (Universität Karlsruhe)

Abstract

Subjects repeatedly played a three-player coordination game with a payoff-dominant and a risk-dominant equilibrium. Subjects interacting in fixed groups quickly coordinated on the payoff-dominant equilibrium, while those interacting with their neighbours around a circle eventually coordinated on the risk-dominant equilibrium.

Suggested Citation

  • Keser, Claudia & Ehrhart, Karl-Martin & Berninghaus, Siegfried K., 1997. "Coordination and local interaction: Experimental evidence," Sonderforschungsbereich 504 Publications 97-16, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
  • Handle: RePEc:xrs:sfbmaa:97-16
    Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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