Coordination;
Focal point;
Voting in strategic situations;
C72;
C93;
D72;
D O I:
暂无
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摘要:
This paper studies coordination in a multi-stage elimination tournament with large monetary incentives and a diversified subject pool drawn from the adult British population. In the tournament, members of an ad hoc team earn money by answering general knowledge questions and then eliminate one contestant by plurality voting without prior communication. We find that in the early rounds of the tournament, contestants use a focal principle and coordinate on one of the multiple Nash equilibria in pure strategies by eliminating the weakest member of the team. However, in the later rounds, contestants switch to playing a mixed strategy Nash equilibrium.
机构:
Columbia Univ, Ctr Decis Sci, Inst Social & Econ Res & Policy, New York, NY 10027 USAColumbia Univ, Ctr Decis Sci, Inst Social & Econ Res & Policy, New York, NY 10027 USA
Pogrebna, Ganna
Blavatskyy, Pavlo R.
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机构:
Univ Zurich, Inst Empir Res Econ, CH-8006 Zurich, SwitzerlandColumbia Univ, Ctr Decis Sci, Inst Social & Econ Res & Policy, New York, NY 10027 USA