Focality is intuitive - Experimental evidence on the effects of time pressure in coordination games
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.
Reference:
Fr-Coordination and repeated games-4
Session:
Coordination and repeated games
Presenter/s:
Axel Sonntag
Room:
Eijkmankamer
Date:
Friday, 3 May
Time:
09:30 - 11:00
Session times:
09:30 - 11:00