Group behaviour in tacit coordination games with focal points - an experimental investigation
成果类型:
Article
署名作者:
Sitzia, Stefania; Zheng, Jiwei
署名单位:
University of East Anglia; University of East Anglia
刊物名称:
GAMES AND ECONOMIC BEHAVIOR
ISSN/ISSBN:
0899-8256
DOI:
10.1016/j.geb.2019.08.001
发表日期:
2019
页码:
461-478
关键词:
groups
COORDINATION
Payoff-irrelevant cues
cognition
摘要:
This paper reports an experimental investigation of Schelling's theory of focal points that compares group and individual behaviour. We find that, when players' interests are perfectly aligned, groups more often choose the salient option and achieve higher coordination success than individuals. However, in games with conflicts of interest, groups do not always perform better than individuals, especially when the degree of conflict is substantial. We also find that groups outperform individuals when identifying the solution to the coordination problem requires some level of cognitive sophistication. Finally, players that successfully identify the solution to this game also achieve greater coordination rates than other players in games with a low degree of conflict. This result raises the question of whether finding the focal point is more a matter of logic rather than imagination as Schelling argued. (C) 2019 The Authors. Published by Elsevier Inc.