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Giovanna Devetag and Andreas Ortmann |
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''Classic coordination failures revisited: the effects of deviation costs and loss avoidance'' |
( 2010, Vol. 30 No.2 ) |
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Are communication failures common? We revisit a classic example of experimental coordination failure and explore, in a 2x2 design, the effects of deviation costs and loss avoidance. Our results provide additional insights into the parametric determinants of laboratory coordination failures, and successes. |
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Keywords: coordination games, Pareto-ranked equilibria, payoff-asymmetric equilibria, optimization incentives, robustness, coordination failure |
JEL: C9 - Design of Experiments: General
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Manuscript Received : Apr 19 2010 | | Manuscript Accepted : Jun 10 2010 |
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