Following recommendations from public and private correlation devices in a game of chicken

Ray, Indrajit ORCID: https://orcid.org/0000-0001-5254-3144 2024. Following recommendations from public and private correlation devices in a game of chicken. [Discussion Paper]. Economics Section Working Paper Series E2024/27, Cardiff Business School Economics Section Working Paper Series.

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Abstract

We consider a specific parametric version of Chicken and two different correlation devices, public and private, with the same expected payoffs in equilibrium, which is also the best correlated equilibrium payoff for the game. Despite our choices of parameters (payoffs) in the game, in an experiment with these two correlated equilibria, we find that the rate of “following recommendations” vary significantly within and between two treatments using these devices.

Item Type:	Monograph (Discussion Paper)
Date Type:	Publication
Status:	Unpublished
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > HB Economic Theory
Publisher:	Cardiff Business School Economics Section Working Paper Series
Date of First Compliant Deposit:	12 December 2024
Last Modified:	12 Dec 2024 16:46
URI:	https://orca.cardiff.ac.uk/id/eprint/174632

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