AN EXPERIMENTAL STUDY OF UNCERTAINTY IN COORDINATION GAMES

B-Tier
Journal: International Economic Review
Year: 2019
Volume: 60
Issue: 2
Pages: 751-799

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

Global games and Poisson games have been proposed to address equilibrium indeterminacy in Common Knowledge Coordination games. The present study investigates in a controlled setup, using as controls Common Knowledge games, whether idiosyncratic uncertainty about economic fundamentals (Global games) or uncertainty about the number of actual players (Poisson games) may influence subjects' behavior. We find that uncertainty about the number of actual players has more influence on subjects' behavior than idiosyncratic uncertainty about economic fundamentals. Furthermore, subjects' behavior under Poisson population‐size uncertainty is closer to the respective theoretical prediction than subjects' behavior under idiosyncratic uncertainty about economic fundamentals.

Technical Details

RePEc Handle
repec:wly:iecrev:v:60:y:2019:i:2:p:751-799
Journal Field
General
Author Count
2
Added to Database
2026-01-25