Forward induction in coordination games

Russell Wade Cooper, Douglas V. De Jong, Robert Forsythe, Thomas W. Ross

Research output: Contribution to journalArticle

35 Citations (Scopus)

Abstract

This paper provides experimental evidence on the power of forward induction arguments in a 2×2 coordination game. Allowing one player the option of obtaining a certain payoff instead of playing the game coordinates play in the direction predicted by the forward induction argument. However, two-way pre-play communication is a more effective coordination device.

Original languageEnglish (US)
Pages (from-to)167-172
Number of pages6
JournalEconomics Letters
Volume40
Issue number2
DOIs
StatePublished - Jan 1 1992

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Forward induction
Coordination games
Communication

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

Cite this

Cooper, Russell Wade ; De Jong, Douglas V. ; Forsythe, Robert ; Ross, Thomas W. / Forward induction in coordination games. In: Economics Letters. 1992 ; Vol. 40, No. 2. pp. 167-172.
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Cooper, RW, De Jong, DV, Forsythe, R & Ross, TW 1992, 'Forward induction in coordination games', Economics Letters, vol. 40, no. 2, pp. 167-172. https://doi.org/10.1016/0165-1765(92)90217-M

Forward induction in coordination games. / Cooper, Russell Wade; De Jong, Douglas V.; Forsythe, Robert; Ross, Thomas W.

In: Economics Letters, Vol. 40, No. 2, 01.01.1992, p. 167-172.

Research output: Contribution to journalArticle

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