Thomas Palfrey ¶ Caltech (2008)
by
Syngjoo Choi
,
Douglas Gale
,
Shachar Kariv
BibTeX
@MISC{Choi08thomaspalfrey,
author = {Syngjoo Choi and Douglas Gale and Shachar Kariv},
title = {Thomas Palfrey ¶ Caltech},
year = {2008}
}
OpenURL
Abstract
This paper reports the results of an experimental investigation of monotone games with imperfect information. Players are located at the nodes of a network and observe the actions of other players only if they are connected by the network. These games have many sequential equilibria; nonetheless, the behavior of subjects in the laboratory is predictable. The network architecture makes some strategies salient and this in turn makes the subjects ’ behavior predictable and facilitates coordination on efficient outcomes. In some cases, modal behavior corresponds to equilibrium strategies.







