The persistance of "bad" precedents and the need for communication: A coordination experiment
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- Andreas Blume & Peter H. Kriss & Roberto A. Weber, 2011. "Pre-Play communication with forgone costly messages: experimental evidence on forward induction," ECON - Working Papers 034, Department of Economics - University of Zurich, revised Sep 2014.
- Andreas Blume & Peter H. Kriss & Roberto A. Weber, 2016. "Pre-Play Communication with Forgone Costly Messages: Experimental Evidence on Forward Induction," CESifo Working Paper Series 5958, CESifo.
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More about this item
Keywords
coordination; precedent; costly communication; cheap talk;All these keywords.
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2011-07-13 (Cognitive and Behavioural Economics)
- NEP-EXP-2011-07-13 (Experimental Economics)
- NEP-GTH-2011-07-13 (Game Theory)
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