Costly Pre-Play Communication and Coordination in Stag-Hunt Games†
Abstract
In this paper, we experimentally investigate the impact of costly indirect and direct messages on coordination levels in a stag-hunt game. We also compare the coordination rates with costly pre-play communication to the rates with costless pre-play communication. Three main insights
emerge from our experiments. First, we find a significant decrease in message usage with message cost in both treatments and a higher decrease in the...
Paper Details
Title
Costly Pre-Play Communication and Coordination in Stag-Hunt Games†
Published Date
Sep 1, 2017
Volume
38
Issue
6
Pages
845 - 856
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