Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/309977 
Year of Publication: 
2024
Series/Report no.: 
Cardiff Economics Working Papers No. E2024/27
Publisher: 
Cardiff University, Cardiff Business School, Cardiff
Abstract: 
We consider a specific parametric version of Chicken and two different correlation devices, public and private, with the same expected payoffs in equilibrium, which is also the best correlated equilibrium payoff for the game. Despite our choices of parameters (payoffs) in the game, in an experiment with these two correlated equilibria, we find that the rate of "following recommendations" vary significantly within and between two treatments using these devices.
Subjects: 
Recommendation
Correlated equilibrium
Public device
JEL: 
C72
C92
D83
Document Type: 
Working Paper

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