Compound games, focal points, and the framing of collective and individual interests

Stefan Penczynski, Stefania Sitzia and Jiwei Zheng

No 305138214, Working Papers from Lancaster University Management School, Economics Department

Abstract: This study introduces the concept of “compound games†and investigates whether the decomposition of a game – when implemented – influences behaviour. For example, we investigate whether separating battle of the sexes games into a pure coordination component and the remaining battle of the sexes component changes coordination success. The literature attributes high coordination rates in pure coordination games with focal points to team reasoning and low coordination rates in related battle of the sexes games to level-k reasoning. We find that coordination success in compound games depends on the decomposition and order of component games.

Keywords: Compound games; focal points; framing; collective interest (search for similar items in EconPapers)
JEL-codes: C72 C91 D90 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-cdm, nep-exp and nep-gth
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Persistent link: https://EconPapers.repec.org/RePEc:lan:wpaper:305138214

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