Learning, words and actions: experimental evidence on coordination-improving information

Nicolas Jacquemet () and Adam Zylbersztejn ()

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: This paper reports experimental results from a one-shot game with two Nash equilibria: the first one is efficient, the second one relies on weakly dominated strategies. The experimental treatments consider three information-enhancing mechanisms in the game: simple repetition, cheap-talk messages and observation of past actions from the current interaction partner. Our experimental results show the use of dominated strategies is quite widespread. Any kind of information (through learning, words or actions) increases efficiency. As regards coordination, we find that good history performs better than good messages; but bad history performs worse than bad messages

Keywords: Coordination game; communication; cheap-talk; observation (search for similar items in EconPapers)
JEL-codes: C72 D83 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2010-07
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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http://mse.univ-paris1.fr/pub/mse/CES2010/10064.pdf (application/pdf)

Related works:
Journal Article: Learning, Words and Actions: Experimental Evidence on Coordination-Improving Information (2013)
Working Paper: Learning, Words and Actions: Experimental Evidence on Coordination-Improving Information (2013)
Working Paper: Learning, Words and Actions: Experimental Evidence on Coordination-Improving Information (2013)
Working Paper: Learning, Words and Actions: Experimental Evidence on Coordination-Improving Information (2013)
Working Paper: Learning, words and actions: experimental evidence on coordination-improving information (2010)
Working Paper: Learning, words and actions: experimental evidence on coordination-improving information (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:10064

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