Coordination Games
Maríapaz Espinosa, Penélope Hernández · Experimental Economics · 2015
In this chapter we focus on strategic situations, which fall under the umbrella of coordination games. Both in daily life and in the world of economics there are numerous situations in which we are required to coordinate with friends, professors, colleagues, other firms, etc. Coordination may sometimes appear to be an easy task, but yet in some cases, regardless of their importance, it can be elusive because certain features hinder the possibility of the agents’ coordinating their actions. Why do such coordination failures take place? What promotes or inhibits the human capacity to coordinate? This will be the subject matter of this chapter. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.