Tacit Coordination in Choice between Certain Outcomes in Endogenously Determined Lotteries.

B-Tier
Journal: Journal of Risk and Uncertainty
Year: 2002
Volume: 25
Issue: 1
Pages: 21-45

Authors (3)

Rapoport, Amnon Seale, Darryl A (not in RePEc) Ordonez, Lisa (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

Tacit coordination is studied in a class of games in which each of n = 20 players is required to choose between two courses of actions. The first action offers each player a fixed outcome whereas the second presents her the opportunity of participating in a lottery with probabilities that are determined endogenously. Across multiple iterations of the game and trial-to-trial changes in the composition of the lottery, we observe a remarkably good coordination on the aggregate but not individual level. We further observe systematic deviations from the Nash equilibrium solution that are accounted for quite well by a simple adaptive learning model. Copyright 2002 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:jrisku:v:25:y:2002:i:1:p:21-45
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29