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- Title
Information-driven coordination: experimental results with heterogeneous individuals.
- Authors
Semeshenko, Viktoriya; Garapin, Alexis; Ruffieux, Bernard; Gordon, Mirta B.
- Abstract
We study experimentally a coordination game with N heterogeneous individuals under different information treatments. We explore the effects of information on the emergence of Pareto-efficient outcomes, by means of a gradual decrease of the information content provided to the players in successive experiments. We observe that successful coordination is possible with private information alone, although not on a Pareto-optimal equilibrium. Reinforcement-based learning models reproduce the qualitative trends of the experimental results.
- Subjects
HETEROGENEOUS computing; PARETO analysis; COORDINATION (Human services); STATICS &; dynamics (Social sciences); REINFORCEMENT learning
- Publication
Theory & Decision, 2010, Vol 69, Issue 1, p119
- ISSN
0040-5833
- Publication type
Article
- DOI
10.1007/s11238-009-9161-3