TY - UNPB

T1 - Compound games, focal points, and the framing of collective and individual interests

AU - Penczynski, Stefan

AU - Sitzia, Stefania

AU - Zheng, Jiwei

PY - 2020/9/1

Y1 - 2020/9/1

N2 - This study introduces the concept of “compound games” and investigates whether the decomposition of a game – when implemented – influences behaviour. For example, we investigate whether separating battle of the sexes games into a pure coordination component and the remaining battle of the sexes component changes coordination success. The literature attributes high coordination rates in pure coordination games with focal points to team reasoning and low coordination rates in related battle of the sexes games to level-k reasoning. We find that coordinationsuccess in compound games depends on the decomposition and order of component games.

AB - This study introduces the concept of “compound games” and investigates whether the decomposition of a game – when implemented – influences behaviour. For example, we investigate whether separating battle of the sexes games into a pure coordination component and the remaining battle of the sexes component changes coordination success. The literature attributes high coordination rates in pure coordination games with focal points to team reasoning and low coordination rates in related battle of the sexes games to level-k reasoning. We find that coordinationsuccess in compound games depends on the decomposition and order of component games.

KW - Compound games

KW - focal points

KW - framing

KW - collective interest

M3 - Working paper

T3 - Economics Working Papers Series

BT - Compound games, focal points, and the framing of collective and individual interests

PB - The Department of Economics

CY - Lancasterr

ER -