Social closeness can help, harm and be irrelevant in solving pure coordination problems
Details
Serval ID
serval:BIB_971AE0AD9BDD
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Social closeness can help, harm and be irrelevant in solving pure coordination problems
Journal
Economics Letters
ISSN
0165-1765
Publication state
Published
Issued date
07/2022
Peer-reviewed
Oui
Volume
216
Pages
110552
Language
english
Abstract
Experimental research has shown that ordinary people often perform remarkably well in solving coordination games that involve no conflicts of interest. While most experiments in the past studied such coordination games among socially distant anonymous players, here we study behaviour in a set of two player coordination games and compare the outcomes depending on whether the players are socially close or socially distant. We find that social closeness influences prospects for coordination, but whether it helps, harms, or has no impact on coordination probabilities, depends on the structure of the game.
Keywords
Economics and Econometrics, Finance
Web of science
Open Access
Yes
Create date
05/05/2023 8:54
Last modification date
02/09/2023 6:13