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Centre for Decision Research and Experimental Economics (CeDEx), The University of Nottingham >
CeDEx Discussion Paper Series, The University of Nottingham >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/49663
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Bardsley, Nicholas | | en_US |
| dc.contributor.author | | Mehta, Judith | | en_US |
| dc.contributor.author | | Starmer, Chris | | en_US |
| dc.contributor.author | | Sugden, Robert | | en_US |
| dc.date.accessioned | | 2011-09-26T13:23:55Z | | - |
| dc.date.available | | 2011-09-26T13:23:55Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/49663 | | - |
| dc.description.abstract | | This paper reports experimental tests of two alternative explanations of how players use focal points to select equilibria in one-shot coordination games. Cognitive hierarchy theory explains coordination as the result of common beliefs about players' pre-reflective inclinations towards the relevant strategies; the theory of team reasoning explains it as the result of the players' using a non-standard form of reasoning. We report two experiments. One finds strong support for team reasoning; the other supports cognitive hierarchy theory. In the light of additional questionnaire evidence, we conclude that players' reasoning is sensitive to the decision context. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CEDEX Nottingham | | en_US |
| dc.relation.ispartofseries | | CeDEx discussion paper series 2008-17 | | en_US |
| dc.subject.jel | | C72 | | en_US |
| dc.subject.jel | | C92 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | salience | | en_US |
| dc.subject.keyword | | focal point | | en_US |
| dc.subject.keyword | | cognitive hierarchy | | en_US |
| dc.subject.keyword | | team reasoning | | en_US |
| dc.subject.stw | | Spieltheorie | | en_US |
| dc.subject.stw | | Kognition | | en_US |
| dc.title | | Explaining focal points: Cognitive hierarchy theory versus team reasoning | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 589213350 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CeDEx Discussion Paper Series, The University of Nottingham
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