FOCAL POINTS IN PURE COORDINATION GAMES - AN EXPERIMENTAL INVESTIGATION

Citation
J. Mehta et al., FOCAL POINTS IN PURE COORDINATION GAMES - AN EXPERIMENTAL INVESTIGATION, Theory and decision, 36(2), 1994, pp. 163-185
Citations number
23
Categorie Soggetti
Social Sciences, Mathematical Methods
Journal title
ISSN journal
00405833
Volume
36
Issue
2
Year of publication
1994
Pages
163 - 185
Database
ISI
SICI code
0040-5833(1994)36:2<163:FPIPCG>2.0.ZU;2-S
Abstract
This paper reports an experimental investigation of the hypothesis tha t in coordination games, players draw on shared concepts of salience t o identify 'focal points' on which they can coordinate. The experiment involves games in which equilibria can be distinguished from one anot her only in terms of the way strategies are labelled. The games are de signed to test a number of specific hypotheses about the determinants of salience. These hypotheses are generally confirmed by the results o f the experiment.