Does Focality Depend on the Mode of Cognition? Experimental Evidence on Pure Coordination Games
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Vincent P. Crawford & Uri Gneezy & Yuval Rottenstreich, 2008. "The Power of Focal Points Is Limited: Even Minute Payoff Asymmetry May Yield Large Coordination Failures," American Economic Review, American Economic Association, vol. 98(4), pages 1443-1458, September.
- Bardsley, Nicholas & Ule, Aljaž, 2017.
"Focal points revisited: Team reasoning, the principle of insufficient reason and cognitive hierarchy theory,"
Journal of Economic Behavior & Organization, Elsevier, vol. 133(C), pages 74-86.
- Bardsley, Nicholas & Ule, Aljaz, 2014. "Focal Points Revisited: Team Reasoning, the Principle of Insufficient Reason and Cognitive Hierarchy Theory," MPRA Paper 58256, University Library of Munich, Germany.
- Bacharach, Michael & Bernasconi, Michele, 1997. "The Variable Frame Theory of Focal Points: An Experimental Study," Games and Economic Behavior, Elsevier, vol. 19(1), pages 1-45, April.
- Jeffrey Butler & Luigi Guiso & Tullio Jappelli, 2014.
"The role of intuition and reasoning in driving aversion to risk and ambiguity,"
Theory and Decision, Springer, vol. 77(4), pages 455-484, December.
- Jeffrey V. Butler & Luigi Guiso & Tullio Jappelli, 2011. "The role of intuition and reasoning in driving aversion to risk and ambiguity," EIEF Working Papers Series 1107, Einaudi Institute for Economics and Finance (EIEF), revised Oct 2011.
- Jeffrey V. Butler & Luigi Guiso & Tullio Jappelli, 2011. "The Role of Intuition and Reasoning in Driving Aversion to Risk and Ambiguity," CSEF Working Papers 282, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 15 Jan 2013.
- Jeffrey V. Butler & Luigi Guiso & Tullio Jappelli, 2011. "The role of intuition and reasoning in driving aversion to risk and ambiguity," Economics Working Papers ECO2011/13, European University Institute.
- Guiso, Luigi & Jappelli, Tullio & Butler, Jeff, 2011. "The role of intuition and reasoning in driving aversion to risk and ambiguity," CEPR Discussion Papers 8334, C.E.P.R. Discussion Papers.
- Van Huyck, John B & Battalio, Raymond C & Beil, Richard O, 1990.
"Tacit Coordination Games, Strategic Uncertainty, and Coordination Failure,"
American Economic Review, American Economic Association, vol. 80(1), pages 234-248, March.
- John B Van Huyck & Raymond C Battalio & Richard O Beil, 1997. "Tacit coordination games, strategic uncertainty, and coordination failure," Levine's Working Paper Archive 1225, David K. Levine.
- J. B. Van Huyck & R. C. Battalio & R. O. Beil, 2010. "Tacit coordination games, strategic uncertainty, and coordination failure," Levine's Working Paper Archive 661465000000000393, David K. Levine.
- Alaoui, Larbi & Janezic, Katharina A. & Penta, Antonio, 2020.
"Reasoning about others' reasoning,"
Journal of Economic Theory, Elsevier, vol. 189(C).
- Larbi Alaoui & Katharina A. Janezic & Antonio Penta, 2017. "Reasoning about others’ reasoning," Economics Working Papers 1587, Department of Economics and Business, Universitat Pompeu Fabra.
- Larbi Alaoui & Katharina A. Janezic & Antonio Penta, 2017. "Reasoning about Others’ Reasoning," Working Papers 1003, Barcelona School of Economics.
- Marina Agranov & Andrew Schotter, 2012. "Ignorance Is Bliss: An Experimental Study of the Use of Ambiguity and Vagueness in the Coordination Games with Asymmetric Payoffs," American Economic Journal: Microeconomics, American Economic Association, vol. 4(2), pages 77-103, May.
- Paolo Crosetto & Antonio Filippin, 2013.
"The “bomb” risk elicitation task,"
Journal of Risk and Uncertainty, Springer, vol. 47(1), pages 31-65, August.
- Paolo Crosetto & Antonio Filippin, 2012. "The "Bomb" Risk Elicitation Task," Jena Economics Research Papers 2012-035, Friedrich-Schiller-University Jena.
- Crosetto, Paolo & Filippin, Antonio, 2012. "The "Bomb" Risk Elicitation Task," IZA Discussion Papers 6710, Institute of Labor Economics (IZA).
- Paolo Crosetto & Antonio Filippin, 2012. "The "Bomb" Risk Elicitation Task," SOEPpapers on Multidisciplinary Panel Data Research 517, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Jeffrey V. Butler & Luigi Guiso & Tullio Jappelli, 2013.
"Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion,"
EIEF Working Papers Series
1301, Einaudi Institute for Economics and Finance (EIEF), revised Jan 2013.
- Guiso, Luigi & Jappelli, Tullio & Butler, Jeff, 2013. "Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion," CEPR Discussion Papers 9461, C.E.P.R. Discussion Papers.
- Jeffrey V. Butler & Luigi Guiso & Tullio Jappelli, 2013. "Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion," CSEF Working Papers 327, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Butler, Jeffrey V. & Guiso, Luigi & Jappelli, Tullio, 2013. "Manipulating reliance on intuition reduces risk and ambiguity aversion," CFS Working Paper Series 2013/13, Center for Financial Studies (CFS).
- Nicholas Bardsley & Judith Mehta & Chris Starmer & Robert Sugden, 2010.
"Explaining Focal Points: Cognitive Hierarchy Theory "versus" Team Reasoning,"
Economic Journal, Royal Economic Society, vol. 120(543), pages 40-79, March.
- Nicholas Bardsley & Judith Mehta & Chris Starmer & Robert Sugden, 2008. "Explaining Focal Points: Cognitive Hierarchy Theory versus Team Reasoning," Discussion Papers 2008-17, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Chen, Roy, 2017. "Coordination with endogenous groups," Journal of Economic Behavior & Organization, Elsevier, vol. 141(C), pages 177-187.
- McKelvey Richard D. & Palfrey Thomas R., 1995.
"Quantal Response Equilibria for Normal Form Games,"
Games and Economic Behavior, Elsevier, vol. 10(1), pages 6-38, July.
- McKelvey, Richard D. & Palfrey, Thomas R., 1994. "Quantal Response Equilibria For Normal Form Games," Working Papers 883, California Institute of Technology, Division of the Humanities and Social Sciences.
- R. McKelvey & T. Palfrey, 2010. "Quantal Response Equilibria for Normal Form Games," Levine's Working Paper Archive 510, David K. Levine.
- David G. Rand & Joshua D. Greene & Martin A. Nowak, 2012. "Spontaneous giving and calculated greed," Nature, Nature, vol. 489(7416), pages 427-430, September.
- Goeree, Jacob K. & Holt, Charles A., 2004.
"A model of noisy introspection,"
Games and Economic Behavior, Elsevier, vol. 46(2), pages 365-382, February.
- Jacob K. Goeree & Charles A. Holt, 2000. "A Model of Noisy Introspection," Virginia Economics Online Papers 343, University of Virginia, Department of Economics.
- Ariel Rubinstein, 2016. "A Typology of Players: Between Instinctive and Contemplative," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(2), pages 859-890.
- Blume, Andreas & Gneezy, Uri, 2010. "Cognitive forward induction and coordination without common knowledge: An experimental study," Games and Economic Behavior, Elsevier, vol. 68(2), pages 488-511, March.
- Achtziger, Anja & Alós-Ferrer, Carlos & Wagner, Alexander K., 2016. "The impact of self-control depletion on social preferences in the ultimatum game," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 1-16.
- Alós-Ferrer, Carlos & Kuzmics, Christoph, 2013.
"Hidden symmetries and focal points,"
Journal of Economic Theory, Elsevier, vol. 148(1), pages 226-258.
- Carlos Al�s-Ferrer & Christoph Kuzmics, 2008. "Hidden Symmetries and Focal Points," TWI Research Paper Series 35, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
- Alexander W. Cappelen & Ulrik H. Nielsen & Bertil Tungodden & Jean-Robert Tyran & Erik Wengström, 2016.
"Fairness is intuitive,"
Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 727-740, December.
- Cappelen, Alexander W. & Nielsen, Ulrik H. & Tungodden, Bertil & Tyran, Jean-Robert & Wengström, Erik, 2014. "Fairness is intuitive," Discussion Paper Series in Economics 9/2014, Norwegian School of Economics, Department of Economics.
- Alexander W. Cappelen & Ulrik H. Nielsen & Bertil Tungodden & Jean-Robert Tyran & Erik Wengström, 2014. "Fairness is Intuitive," Discussion Papers 14-10, University of Copenhagen. Department of Economics.
- Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer;Economic Science Association, vol. 10(2), pages 171-178, June.
- Schulz, Jonathan F. & Fischbacher, Urs & Thöni, Christian & Utikal, Verena, 2014. "Affect and fairness: Dictator games under cognitive load," Journal of Economic Psychology, Elsevier, vol. 41(C), pages 77-87.
- Shane Frederick, 2005. "Cognitive Reflection and Decision Making," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 25-42, Fall.
- Mehta, Judith & Starmer, Chris & Sugden, Robert, 1994. "The Nature of Salience: An Experimental Investigation of Pure Coordination Games," American Economic Review, American Economic Association, vol. 84(3), pages 658-673, June.
- Strømland, Eirik & Tjøtta, Sigve & Torsvik, Gaute, 2016.
"Cooperating, fast and slow: Testing the social heuristics hypothesis,"
Working Papers in Economics
02/16, University of Bergen, Department of Economics.
- Eirik Strømland & Sigve Tjøtta & Gaute Torsvik, 2016. "Cooperating, Fast and Slow: Testing the Social Heuristics Hypothesis," CESifo Working Paper Series 5875, CESifo.
- Cappelletti, Dominique & Güth, Werner & Ploner, Matteo, 2011. "Being of two minds: Ultimatum offers under cognitive constraints," Journal of Economic Psychology, Elsevier, vol. 32(6), pages 940-950.
- Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December.
- David G. Rand & Alexander Peysakhovich & Gordon T. Kraft-Todd & George E. Newman & Owen Wurzbacher & Martin A. Nowak & Joshua D. Greene, 2014. "Social heuristics shape intuitive cooperation," Nature Communications, Nature, vol. 5(1), pages 1-12, May.
- Bock, Olaf & Baetge, Ingmar & Nicklisch, Andreas, 2014. "hroot: Hamburg Registration and Organization Online Tool," European Economic Review, Elsevier, vol. 71(C), pages 117-120.
- Andrew Caplin & Daniel Martin, 2016. "The Dual-Process Drift Diffusion Model: Evidence From Response Times," Economic Inquiry, Western Economic Association International, vol. 54(2), pages 1274-1282, April.
- John B. Van Huyck & Raymond C. Battalio & Richard O. Beil, 1991. "Strategic Uncertainty, Equilibrium Selection, and Coordination Failure in Average Opinion Games," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(3), pages 885-910.
- Duffy, Sean & Smith, John, 2014.
"Cognitive load in the multi-player prisoner's dilemma game: Are there brains in games?,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 51(C), pages 47-56.
- Duffy, Sean & Smith, John, 2012. "Cognitive load in the multi-player prisoner's dilemma game: Are there brains in games?," MPRA Paper 38825, University Library of Munich, Germany.
- Marianna Belloc & Ennio Bilancini & Leonardo Boncinelli & Simone D'Alessandro, 2017. "A Social Heuristics Hypothesis for the Stag Hunt: Fast- and Slow-Thinking Hunters in the Lab," CESifo Working Paper Series 6824, CESifo.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Larbi Alaoui & Katharina A. Janezic & Antonio Penta, 2022. "Coordination and sophistication," Economics Working Papers 1849, Department of Economics and Business, Universitat Pompeu Fabra.
- Larbi Alaoui & Katharina A. Janezic & Antonio Penta, 2022. "Coordination and Sophistication," Working Papers 1372, Barcelona School of Economics.
- Alaoui, Larbi & Janezic, Katharina A. & Penta, Antonio, 2022. "Coordination and Sophistication," TSE Working Papers 22-1394, Toulouse School of Economics (TSE).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Marianna Belloc & Ennio Bilancini & Leonardo Boncinelli & Simone D'Alessandro, 2017. "A Social Heuristics Hypothesis for the Stag Hunt: Fast- and Slow-Thinking Hunters in the Lab," CESifo Working Paper Series 6824, CESifo.
- Bosch-Domènech, Antoni & Vriend, Nicolaas J., 2013.
"On the role of non-equilibrium focal points as coordination devices,"
Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 52-67.
- Antoni Bosch-Domènech & Nicolaas J. Vriend, 2008. "On the role of non-equilibrium focal points as coordination devices," Economics Working Papers 1064, Department of Economics and Business, Universitat Pompeu Fabra.
- Antoni Bosch-Domènech & Nicolaas J. Vriend, 2008. "On the Role of Non-equilibrium Focal Points as Coordination Devices," Working Papers 621, Queen Mary University of London, School of Economics and Finance.
- Anna Louisa Merkel & Johannes Lohse, 2019.
"Is fairness intuitive? An experiment accounting for subjective utility differences under time pressure,"
Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 24-50, March.
- Merkel, Anna & Lohse, Johannes, 2018. "Is fairness intuitive? An experiment accounting for subjective utility differences under time pressure," Working Papers 0647, University of Heidelberg, Department of Economics.
- Recalde, María P. & Riedl, Arno & Vesterlund, Lise, 2018.
"Error-prone inference from response time: The case of intuitive generosity in public-good games,"
Journal of Public Economics, Elsevier, vol. 160(C), pages 132-147.
- Maria P. Recalde & Arno Riedl & Lise Vesterlund, 2014. "Error Prone Inference from Response Time: The Case of Intuitive Generosity in Public Good Times," CESifo Working Paper Series 4987, CESifo.
- Lise Vesterlund, 2015. "Error Prone Inference from Response Time: The Case of Intuitive Generosity in Public-Good Games," Working Paper 5662, Department of Economics, University of Pittsburgh.
- Alessandro Sontuoso & Sudeep Bhatia, 2021.
"A notion of prominence for games with natural‐language labels,"
Quantitative Economics, Econometric Society, vol. 12(1), pages 283-312, January.
- Alessandro Sontuoso & Sudeep Bhatia, 2017. "A Notion of Prominence for Games with Natural-Language Labels," PPE Working Papers 0009, Philosophy, Politics and Economics, University of Pennsylvania, revised Nov 2018.
- Alessandro Sontuoso & Sudeep Bhatia, 2020. "A Notion of Prominence for Games with Natural-Language Labels," Working Papers 20-38, Chapman University, Economic Science Institute.
- Elten, Jonas van & Penczynski, Stefan P., 2020. "Coordination games with asymmetric payoffs: An experimental study with intra-group communication," Journal of Economic Behavior & Organization, Elsevier, vol. 169(C), pages 158-188.
- Anders Poulsen & Axel Sonntag, 2019.
"Focality is Intuitive - Experimental Evidence on the Effects of Time Pressure in Coordination Games,"
Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS)
19-01, School of Economics, University of East Anglia, Norwich, UK..
- Sonntag, Axel & Poulsen, Anders, 2019. "Focality is intuitive - Experimental evidence on the effects of time pressure in coordination games," MPRA Paper 92262, University Library of Munich, Germany.
- Goeschl, Timo & Lohse, Johannes, 2018.
"Cooperation in public good games. Calculated or confused?,"
European Economic Review, Elsevier, vol. 107(C), pages 185-203.
- Goeschl, Timo & Lohse, Johannes, 2016. "Cooperation in Public Good Games. Calculated or Confused?," Working Papers 0626, University of Heidelberg, Department of Economics.
- Anja Achtziger & Carlos Alós-Ferrer & Alexander Ritschel, 2020. "Cognitive load in economic decisions," ECON - Working Papers 354, Department of Economics - University of Zurich.
- Fadong Chen & Urs Fischbacher, 2020. "Cognitive processes underlying distributional preferences: a response time study," Experimental Economics, Springer;Economic Science Association, vol. 23(2), pages 421-446, June.
- Merkel, Anna & Lohse, Johannes, 2016. "Is fairness intuitive? An experiment accounting for the role of subjective utility differences under time pressure," Working Papers 0627, University of Heidelberg, Department of Economics.
- Fehr, Dietmar & Heinemann, Frank & Llorente-Saguer, Aniol, 2019.
"The power of sunspots: An experimental analysis,"
Journal of Monetary Economics, Elsevier, vol. 103(C), pages 123-136.
- Fehr, Dietmar & Heinemann, Frank & Llorente-Saguer, Aniol, 2011. "The power of sunspots: An experimental analysis," SFB 649 Discussion Papers 2011-070, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
- Fehr, Dietmar & Heinemann, Frank & Llorente-Saguer, Aniol, 2017. "The Power of Sunspots: an Experimental Analysis," Rationality and Competition Discussion Paper Series 11, CRC TRR 190 Rationality and Competition.
- Dietmar Fehr & Frank Heinemann & Aniol Llorente-Saguer, 2013. "The power of sunspots: an experimental analysis," Working Papers 13-2, Federal Reserve Bank of Boston.
- Heinemann, Frank & Llorente-Saguer, Aniol & Fehr, Dietmar, 2011. "The Power of Sunspots: An Experimental Analysis," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48724, Verein für Socialpolitik / German Economic Association.
- Dietmar Fehr & Frank Heinemann & Aniol Llorente-Saguer, 2011. "The Power of Sunspots: An Experimental Analysis," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2011_33, Max Planck Institute for Research on Collective Goods.
- Kets, Willemien & Kager, Wouter & Sandroni, Alvaro, 2022.
"The value of a coordination game,"
Journal of Economic Theory, Elsevier, vol. 201(C).
- Kets, Willemien & Kager, Wouter & Sandroni, Alvaro, 2021. "The Value of a Coordination Game," SocArXiv ymzrd, Center for Open Science.
- Kets, Willemien & Kager, Wouter & Sandroni, Alvaro, 2021. "The Value of a Coordination Game," CEPR Discussion Papers 16229, C.E.P.R. Discussion Papers.
- Willemien Kets & Wouter Kager & Alvaro Sandroni, 2021. "The Value of the Coordination Game," Economics Series Working Papers 938, University of Oxford, Department of Economics.
- Achtziger, Anja & Alós-Ferrer, Carlos & Wagner, Alexander K., 2018. "Social preferences and self-control," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 74(C), pages 161-166.
- Sitzia, Stefania & Zheng, Jiwei, 2019. "Group behaviour in tacit coordination games with focal points – an experimental investigation," Games and Economic Behavior, Elsevier, vol. 117(C), pages 461-478.
- Rojo Arjona, David & Sitzia, Stefania & Zheng, Jiwei, 2022.
"Overcoming coordination failure in games with focal points: An experimental investigation,"
Games and Economic Behavior, Elsevier, vol. 136(C), pages 505-523.
- David Rojo-Arjona & R. Stefania Sitzia & Jiwei Zheng, 2021. "Overcoming coordination failure in games with focal points: An experimental investigation," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 21-02, School of Economics, University of East Anglia, Norwich, UK..
- Faillo, Marco & Smerilli, Alessandra & Sugden, Robert, 2017. "Bounded best-response and collective-optimality reasoning in coordination games," Journal of Economic Behavior & Organization, Elsevier, vol. 140(C), pages 317-335.
- Alós-Ferrer, Carlos & Garagnani, Michele, 2020.
"The cognitive foundations of cooperation,"
Journal of Economic Behavior & Organization, Elsevier, vol. 175(C), pages 71-85.
- Carlos Alós-Ferrer & Michele Garagnani, 2018. "The cognitive foundations of cooperation," ECON - Working Papers 303, Department of Economics - University of Zurich.
- Andrea Isoni & Robert Sugden & Jiwei Zheng, 2018. "The Pizza Night Game: Efficiency, Conflict and Inequality in Tacit Bargaining Games with Focal Points," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 18-01, School of Economics, University of East Anglia, Norwich, UK..
- Mark Schneider & Jonathan W. Leland, 2021.
"Salience and social choice,"
Experimental Economics, Springer;Economic Science Association, vol. 24(4), pages 1215-1241, December.
- Mark Schneider & Jonathan W. Leland, 2019. "Salience and Social Choice," Working Papers 19-08, Chapman University, Economic Science Institute.
More about this item
Keywords
focal points; intuition; deliberation; time pressure; motivation;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2018-02-05 (Cognitive and Behavioural Economics)
- NEP-EXP-2018-02-05 (Experimental Economics)
- NEP-HPE-2018-02-05 (History and Philosophy of Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:usi:wpaper:771. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Fabrizio Becatti (email available below). General contact details of provider: https://edirc.repec.org/data/desieit.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.