Communication and Coordination in a Two-Stage Game
Author | : Tjasa Bjedov |
Publisher | : |
Total Pages | : 47 |
Release | : 2015 |
ISBN-10 | : OCLC:1306589047 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Communication and Coordination in a Two-Stage Game written by Tjasa Bjedov and published by . This book was released on 2015 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test experimentally whether individuals can avoid a head-to-head confrontation by means of coordinated strategies. In particular we analyze whether and how quickly a conflict-avoidance take-turn strategy can emerge. First, our results show that players learn to solve the conflict by choosing opposite options at both stages of the game. Second, many adopt a take-turn strategy to sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication increases the likelihood of conflict resolution even when a single pair member has the right to communicate.