Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072276 | Games and Economic Behavior | 2013 | 23 Pages |
Abstract
⺠We model a dynamic coordination process in which agents learn about an underlying fundamental and adjust to the arriving information. ⺠The paper focuses on strategic uncertainty and extends its understanding from static global games settings to dynamic environments. ⺠We delineate conditions under which reversibility of early decisions either hampers or enhances coordination on the efficient but risky action.
Related Topics
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Economics and Econometrics
Authors
Eugen KováÄ, Jakub Steiner,