Efficient coordination in the lab
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Otros documentos de la autoría: García-Gallego, Aurora; Hernández-Rojas, Penélope; Rodrigo-González, Amalia
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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INVESTIGACIONMetadatos
Título
Efficient coordination in the labFecha de publicación
2017-12Editor
Springer-VerlagCita bibliográfica
García-Gallego, A., Hernández-Rojas, P. & Rodrigo-González, A. J Econ Interact Coord (2017). https://doi.org/10.1007/s11403-017-0214-3Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://link.springer.com/article/10.1007/s11403-017-0214-3#Abs1Versión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
We follow the example of Gossner et al. (Econometrica 74(6):1603–1636, 2006) in the design of a finitely repeated 2-player coordination game with asymmetric information. Player 1 and Player 2 and Nature simultaneously ... [+]
We follow the example of Gossner et al. (Econometrica 74(6):1603–1636, 2006) in the design of a finitely repeated 2-player coordination game with asymmetric information. Player 1 and Player 2 and Nature simultaneously decide whether to play 0 or 1 and successful coordination requires that all actions coincide. Nature’s moves are known only by Player 1, while Player 2 observes only the history of Nature and Player 1. In such a theoretical set up, efficient transmission of information takes place when Player 1 uses block codification through signalling mistakes. With this in mind, we test coordination in the lab. We first model and establish the appropriate sequence length played by Nature and the block strategy for lab implementability. We show that the majority rule with 3-length is the optimal block codification for a 55-length sequence. Experimental data supports the main results of the original model with respect to the codification rule using signalling mistakes. [-]
Proyecto de investigación
Spanish Ministerio de Economía y Competitividad (Project ECO2015-68469-R) ; Universitat Jaume I (Project P1.15-1B2015-48) ; Spanish Ministerio de Economía y Competitividad (Project ECO2014-58297-R)Derechos de acceso
© Springer-Verlag GmbH Germany, part of Springer Nature 2017
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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