Focality is Intuitive - Experimental Evidence on the Effects of Time Pressure in Coordination Games
Anders Poulsen () and
No 19-01, Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) from School of Economics, University of East Anglia, Norwich, UK.
We experimentally examine the effects of varying time pressure in a coordination game with a label salient focal equilibrium. We consider both a pure coordination game (payoff symmetry) and a battle of the sexes game with conflict of interest (payoff asymmetry). In symmetric games, there are no effects of time pressure, since the label-salient outcome is highly focal regardless of how much time subjects have to decide. In asymmetric games, less time results in greater focality of the the label-salient action, and it becomes significantly more likely that any coordination is on the focal outcome.
Keywords: Coordination game; focal point; time pressure; response times; social heuristics hypothesis; experiment. (search for similar items in EconPapers)
JEL-codes: C70 C72 C92 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-gth
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Working Paper: Focality is intuitive - Experimental evidence on the effects of time pressure in coordination games (2019)
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