Leading to efficient coordination: Individual traits, beliefs and choices in the minimum effort game
نویسندگان
چکیده
We consider data from an experiment on the minimum-effort game, repeated over many periods. In each play of player's belief about other players in group is elicited, addition to chosen effort level. find that agents choose levels systematically exceeding their beliefs others' levels. explain this terms such subjects taking role “leader” attempt pull towards more efficient outcomes. propensity for leaders emerge depends individual traits as trustfulness and cognitive ability. Furthermore, moving a superior equilibrium likely under certain design features conditions relating cost amount information available players.
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2022
ISSN: ['0899-8256', '1090-2473']
DOI: https://doi.org/10.1016/j.geb.2022.10.003