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Article . 2010
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SSRN Electronic Journal
Article . 2011 . Peer-reviewed
Data sources: Crossref
Journal of Neuroscience Psychology and Economics
Article . 2013 . Peer-reviewed
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Patience, Cognitive Skill and Coordination in the Repeated Stag Hunt

Authors: Jones, Garett; Al-Ubaydli, Omar; Weel, Jaap;

Patience, Cognitive Skill and Coordination in the Repeated Stag Hunt

Abstract

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.

Keywords

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

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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).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
views
OpenAIRE UsageCountsViews provided by UsageCounts
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56
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33
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