The problem of coordination in decision-making : an experimental perspective
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Title
The problem of coordination in decision-making : an experimental perspectiveAuthor (s)
Tutor/Supervisor
Universitat Jaume I. Departament d'EconomiaDate
2014Publisher
Universitat Jaume IAbstract
In this study I present the problem of coordination in decision-making from an
experimental point of view. I have reviewed exhaustively the literature in this field and
summarized the fundamental ways to approach ... [+]
In this study I present the problem of coordination in decision-making from an
experimental point of view. I have reviewed exhaustively the literature in this field and
summarized the fundamental ways to approach coordination problems. This literature
deals with the learning process of coordination games, ways to influence in equilibrium
selection and coordination failure.
I have also conducted a simple experimental design in order to get evidence on the
influence of payoff dominance in subject´s decision-making in two types coordination
games; a Stag Hunt and a Prisoner´s Dilemma. Results show that subjects coordinate
in the best payoff´s outcome in the Stag Hunt but not in the Prisoner´s Dilemma.
Overall, the experiment allows me to analyse whether laboratory subjects coordinate,
or learn to coordinate in the best payoff´s outcome. [-]
Subject
Description
Treball Final de Grau en Economia. Codi: EC1049. Curs: 2013/2014
Type
info:eu-repo/semantics/bachelorThesisRights
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
info:eu-repo/semantics/restrictedAccess
This item appears in the folowing collection(s)
- Grau en Economia [289]