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Coordination with Independent Private Values: why Pedestrians sometimes bump into each other

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  • Kuzmics, Christoph

Abstract

Motivated by trying to better understand the norms that govern pedestrian traffic, I study symmetric two-player coordination games with independent private values. The strategies of "always pass on the left" and "always pass on the right" are always equilibria of this game. Some such games, however, also have other (pure strategy) equilibria with a positive likelihood of mis-coordination. Perhaps sur- prisingly, in some such games, these Pareto-inefficient equilibria, with a positive likelihood of mis-coordination, are the only evolutionarily stable equilibria of the game.

Suggested Citation

  • Kuzmics, Christoph, 2014. "Coordination with Independent Private Values: why Pedestrians sometimes bump into each other," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100529, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc14:100529
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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