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Coordination, focal points and voting in strategic situations : a natural experiment
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Pogrebna, Ganna and Blavatskyy, Pavlo (2009) Coordination, focal points and voting in strategic situations : a natural experiment. Public Choice, Vol.40 (No.1-2). pp. 125-143. doi:10.1007/s11127-009-9415-1 ISSN 0048-5829.
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Official URL: http://dx.doi.org/10.1007/s11127-009-9415-1
Abstract
This paper studies coordination in a multi-stage elimination tournament with large monetary incentives and a diversified subject pool drawn from the adult British population. In the tournament, members of an ad hoc team earn money by answering general knowledge questions and then eliminate one contestant by plurality voting without prior communication. We find that in the early rounds of the tournament, contestants use a focal principle and coordinate on one of the multiple Nash equilibria in pure strategies by eliminating the weakest member of the team. However, in the later rounds, contestants switch to playing a mixed strategy Nash equilibrium.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Television quiz shows -- Great Britain -- Economic aspects, Decision making, Games of strategy (Mathematics) | ||||
Series Name: | Working Paper Series | ||||
Journal or Publication Title: | Public Choice | ||||
Publisher: | Springer | ||||
Place of Publication: | University of Zurich | ||||
ISBN: | 1424-0459 | ||||
ISSN: | 0048-5829 | ||||
Official Date: | July 2009 | ||||
Dates: |
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Volume: | Vol.40 | ||||
Number: | No.1-2 | ||||
Page Range: | pp. 125-143 | ||||
DOI: | 10.1007/s11127-009-9415-1 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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Coordination, focal points and voting in strategic situations : a natural experiment. (deposited 19 Sep 2011 15:24)
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