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On the Role of Information and Strategic Delay in Coordination Games: Theory and Experiment ∗
- Economics
- 2009
We investigate the role of information and endogenous timing of decisions on coordination. In a global coordination game, where players choose the timing of their decision, we partially disentangle…
Delay and Learning in Coordination
- Economics
- 2021
This paper studies a coordination game with incomplete information and the option to delay. The delay option enables the agents to observe a binary signal depending on whether the early actions…
Communication Via Delay in a Coordination Game
- Economics
- 2020
A new communication protocol in coordination games with binary actions and Pareto-ranked equilibria, which comes from an option to delay, and finds that most subjects adopt the unique iteratively undominated strategy, and the introduction of the delay option significantly promotes efficient coordination.
Explorer Reversibility in Dynamic Coordination Problems
- Economics
- 2008
Agents at the beginning of a dynamic coordination process (1) are uncertain about actions of their fellow players and (2) anticipate receiving strategically relevant information later on in the…
Reversibility in Dynamic Coordination Problems
- EconomicsGames Econ. Behav.
- 2013
Players at the beginning of a dynamic coordination process act as if they were entirely uninformed about aggregate play of fellow players in each stage of the coordination process, based on a generalization of the Laplacian property known from static global games.
Dynamic Coordination Problems
- Economics
- 2008
Agents at the beginning of a dynamic coordination process (1) are uncertain about actions of their fellow players and (2) anticipate receiving strategically relevant information later on in the…
Strategic Delay in Global Games
- Economics
- 2015
Abstract We study strategic uncertainty in an investment coordination game when players have the option to delay acting. Absent the option to delay, the global games literature shows that efficient…
The Effect of Options on Coordination
- Economics
- 2013
In some coordination problems, an agent's payoff depends on what other agents will do in the future. This paper studies how constraints on the timing of actions affect equilbrium in those problems.…
Number 175 Efficient Dynamic Coordination with Individual Learning
- Economics
- 2015
We study how the presence of multiple participation opportunities coupled with individual learning about payoffs affects the ability of agents to coordinate efficiently in global coordination games.…
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