An experimental investigation of optimal learning in coordination games

Citation
A. Blume et U. Gneezy, An experimental investigation of optimal learning in coordination games, J ECON THEO, 90(1), 2000, pp. 161-172
Citations number
24
Categorie Soggetti
Economics
Journal title
JOURNAL OF ECONOMIC THEORY
ISSN journal
00220531 → ACNP
Volume
90
Issue
1
Year of publication
2000
Pages
161 - 172
Database
ISI
SICI code
0022-0531(200001)90:1<161:AEIOOL>2.0.ZU;2-J
Abstract
This paper presents an experimental investigation of optimal learning in re peated coordination games. We find evidence for such learning when we limit both the cognitive demands on players and the information available to the m. We also find that uniqueness of the optimal strategy is no guarantee tha t it will be used. Optimal learning can be impeded by both irrelevant infor mation and the complexity of the coordination task. Classification Numbers: C72, C92. 2000 Academic Press.