To Catch a Stag Identifying payoff-and risk-dominance effects in coordination games
(2024)
Journal Article
Jagau, S. (2024). To Catch a Stag Identifying payoff-and risk-dominance effects in coordination games. Games and Economic Behavior, 147, 429-448. https://doi.org/10.1016/j.geb.2024.08.011
Five decades after Harsanyi and Selten's seminal work on equilibrium selection, we remain unable to predict the outcomes of real-life coordination even in simple cases. One reason is that experiments have struggled to quantify the effects of payoff-a... Read More about To Catch a Stag Identifying payoff-and risk-dominance effects in coordination games.