Stake size and the power of focal points in coordination games: Experimental evidence

B-Tier
Journal: Games and Economic Behavior
Year: 2015
Volume: 94
Issue: C
Pages: 191-199

Authors (2)

Parravano, Melanie (not in RePEc) Poulsen, Odile

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We collect data from symmetric and asymmetric coordination games with a focal point and vary the stake size. The data show that in symmetric games coordination on the label-salient strategy increases with stake size. By contrast, in asymmetric games the coordination rates do not vary with stake size and are close to the levels predicted by both the mixed Nash equilibrium and the level-k model used by Crawford et al. (2008). These findings suggest that players' mode of reasoning, and the extent to which it can be explained by team reasoning or a level-k model, crucially depends on the symmetry or asymmetry of the coordination payoffs.

Technical Details

RePEc Handle
repec:eee:gamebe:v:94:y:2015:i:c:p:191-199
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29