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Coordination with indirect messages in the Stag-Hunt game
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Date
2017-08-01
Author
Büyükboyacı Hanay, Mürüvvet İlknur
Küçükşenel, Serkan
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Subject Keywords
Stag-hunt game
,
Coordination
,
Costless communication
,
Risk information
URI
https://hdl.handle.net/11511/87278
Journal
METU Studies in Development
Collections
Department of Economics, Article
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Coordination with indirect messages in the stag-hunt game
Büyükboyacı Hanay, Mürüvvet İlknur; Küçükşenel, Serkan (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2017-8)
We theoretically investigate the effect of allowing one-sided communication with costless indirect messages on stag-hunt game outcomes. Since Heinemann et al. (2009) show that players who avoid risk also avoid strategic uncertainty, we chose a sender's level of risk aversion as the indirect message. We show that if both sender and receiver interpret the message content similarly, it is possible that they end up either on the risk-dominant or on the payoffdominant equilibrium. We also show that players i...
Costly Pre-Play Communication and Coordination in Stag-Hunt Games
Büyükboyacı Hanay, Mürüvvet İlknur; Küçükşenel, Serkan (2017-09-01)
In this paper, we experimentally investigate the impact of costly indirect and direct messages on coordination levels in a stag-hunt game. Three main insights emerge from our experiments. First, we find a significant decrease in message usage with message cost in both treatments and a higher decrease in the indirect-message treatment. Second, we find that although there is no significant effect of costless or costly indirect messages on the frequency of risky actions, both costless, and costly direct messag...
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M. İ. Büyükboyacı Hanay and S. Küçükşenel, “Coordination with indirect messages in the Stag-Hunt game,”
METU Studies in Development
, pp. 177–186, 2017, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/87278.