Professor SIMON GAECHTER simon.gaechter@nottingham.ac.uk
PROFESSOR, PSYCHOLOGY OF ECONOMIC DECISION MAKING
Social closeness can help, harm and be irrelevant in solving pure coordination problems
Gächter, Simon; Starmer, Chris; Thöni, Christian; Tufano, Fabio; Weber, Till O.
Authors
Professor CHRIS STARMER CHRIS.STARMER@NOTTINGHAM.AC.UK
PROFESSOR OF EXPERIMENTAL ECONOMICS
Christian Thöni
Fabio Tufano
Till O. Weber
Abstract
Experimental research has shown that ordinary people often perform remarkably well in solving coordination games that involve no conflicts of interest. While most experiments in the past studied such coordination games among socially distant anonymous players, here we study behaviour in a set of two player coordination games and compare the outcomes depending on whether the players are socially close or socially distant. We find that social closeness influences prospects for coordination, but whether it helps, harms, or has no impact on coordination probabilities, depends on the structure of the game.
Citation
Gächter, S., Starmer, C., Thöni, C., Tufano, F., & Weber, T. O. (2022). Social closeness can help, harm and be irrelevant in solving pure coordination problems. Economics Letters, 216, Article 110552. https://doi.org/10.1016/j.econlet.2022.110552
Journal Article Type | Article |
---|---|
Acceptance Date | Apr 21, 2022 |
Online Publication Date | May 4, 2022 |
Publication Date | May 30, 2022 |
Deposit Date | May 19, 2022 |
Publicly Available Date | May 19, 2022 |
Journal | Economics Letters |
Print ISSN | 0165-1765 |
Electronic ISSN | 1873-7374 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 216 |
Article Number | 110552 |
DOI | https://doi.org/10.1016/j.econlet.2022.110552 |
Keywords | Economics and Econometrics; Finance |
Public URL | https://nottingham-repository.worktribe.com/output/7956885 |
Publisher URL | https://www.sciencedirect.com/science/article/pii/S0165176522001562?via%3Dihub |
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Social closeness can help, harm and be irrelevant in solving pure coordination problems
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Publisher Licence URL
https://creativecommons.org/licenses/by/4.0/
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