Focal points in pure coordination games: An experimental investigation |
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Authors: | Judith Mehta Chris Starmer Robert Sugden |
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Affiliation: | (1) School of Economic and Social Studies, University of East Anglia, NR4 7TJ Norwich, UK |
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Abstract: | This paper reports an experimental investigation of the hypothesis that in coordination games, players draw on shared concepts of salience to identify focal points on which they can coordinate. The experiment involves games in which equilibria can be distinguished from one another only in terms of the way strategies are labelled. The games are designed to test a number of specific hypotheses about the determinants of salience. These hypotheses are generally confirmed by the results of the experiment. |
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Keywords: | Common knowledge multiple equilibria focal points salience coordination games |
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