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Coordination in 2 x 2 games by following recommendations from correlated equilibria

Bone, John, Droiuvelis, Michalis and Ray, Indrajit 2013. Coordination in 2 x 2 games by following recommendations from correlated equilibria. [Discussion Paper]. Department of Economics Discussion Paper, vol. 12-04R. Birmingham: University of Birmingham.

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Abstract

We consider three games, Symmetric Battle of the Sexes, Modified Battle of the Sexes and Chicken and two different correlation devices, public and private, with the same expected payoffs in equilibrium, which is also the best correlated equilibrium payoff for these games. Despite our choices of the payoffs in these games based on some theoretical criteria, we find that coordination and following recommendations vary significantly among our treatments. We explain these differences by analysing players’ choices in cases when they do and do not follow recommendations in different games.

Item Type: Monograph (Discussion Paper)
Date Type: Publication
Status: Unpublished
Schools: Business (Including Economics)
Subjects: H Social Sciences > HB Economic Theory
Publisher: University of Birmingham
Last Modified: 04 Jun 2017 09:44
URI: http://orca-mwe.cf.ac.uk/id/eprint/98933

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