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Coordination games have become a critical tool of analysis in fields such as development and institutional economics. Understanding behavior in coordination games is an important step towards understanding the differing success of teams, firms and nations. This paper investigates the relationship between personal attributes (cognitive ability, risk-aversion, patience) and behavior and outcomes in coordination games, an issue that, to the best of our knowledge, has never been studied before. For the repeated coordination game that we consider, we find that: (1) cognitive ability has no bearing on any aspect of behavior or outcomes; (2) pairs of players who are more patient are more likely to coordinate well and earn higher payoffs; and (3) risk-aversion has no bearing on any aspect of behavior or outcomes. These results are robust to controlling for personality traits and demographic characteristics.
Coordination; IQ; personality; discount rate; patience; risk-aversion, coordination, IQ, personality, discount rate, patience, risk-aversion, jel: jel:O12, jel: jel:O43, jel: jel:D23, jel: jel:D02
Coordination; IQ; personality; discount rate; patience; risk-aversion, coordination, IQ, personality, discount rate, patience, risk-aversion, jel: jel:O12, jel: jel:O43, jel: jel:D23, jel: jel:D02
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 56 | |
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| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
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