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Please use this identifier to cite or link to this item: http://hdl.handle.net/1783.1/1031
Title: Behavioral strategies in repeated pure coordination games
Authors: Zwick, Rami
Rapoport, Amnon
Lo, Alison King Chung
Keywords: Coordination games
Behavioral regularities
Choice probabilities
Issue Date: 27-Nov-2000
Series/Report no.: Marketing Working Paper Series ; MKTG 00.152
Abstract: We study experimentally a class of pure coordination games as a special case of the Consumer Choice of Prizes game developed by Rapoport et al. (2000). We find a high level of group coordination coupled with considerable switching in the choice of locations. Two models are proposed and tested to account for the results, one postulating the formation of conventions, and the other invoking the mixed strategy equilibrium solution for risk-neutral players. We reject both models as possible candidates to describe the behavioral regularities that we observe in the data. A third model that allows individual perturbations of commonly shared choice probabilities is proposed and tested. It accounts for the major results on the individual and aggregate levels.
URI: http://hdl.handle.net/1783.1/1031
Appears in Collections:MARK Working Papers

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