{"id":8929,"date":"2022-07-27T06:36:36","date_gmt":"2022-07-27T06:36:36","guid":{"rendered":"https:\/\/depocen.org\/publications\/optimization-incentive-and-relative-riskiness-in-experimentalcoordination-games\/"},"modified":"2022-07-27T06:36:36","modified_gmt":"2022-07-27T06:36:36","slug":"optimization-incentive-and-relative-riskiness-in-experimentalcoordination-games","status":"publish","type":"publications","link":"https:\/\/depocen.org\/en\/publications\/optimization-incentive-and-relative-riskiness-in-experimentalcoordination-games\/","title":{"rendered":"Optimization incentive and relative riskiness in experimental\r\ncoordination games"},"content":{"rendered":"<p>We compare the experimental results of three stag-hunt games. In contrast<br \/>\nto Battalio et al. (2001), our design keeps the riskiness ratio of the<br \/>\npayoff-dominant and the risk-dominant strategies at a constant level as the<br \/>\noptimisation premium is increased. We define the riskiness ratio as the relative<br \/>\npayoff range of the two strategies. We find that decreasing the riskiness<br \/>\nratio while keeping the optimization premium constant increases sharply the<br \/>\nfrequency of the risk-dominant strategy. On the other hand an increase of<br \/>\nthe optimization premium with a constant riskiness ratio has no effect on the<br \/>\nchoice frequencies. Finally, we confirm the dynamic properties found by Battalio<br \/>\net al. that increasing the optimization premium favours best-response<br \/>\nand sensitivity to the history of play.<\/p>\n","protected":false},"featured_media":0,"template":"","cate_publications":[],"author_publications":[1644,1647,1704,1705,1706,1707],"topic_publications":[],"class_list":["post-8929","publications","type-publications","status-publish","hentry","author_publications-phu-nguyen-van","author_publications-phu-nguyen-van-en","author_publications-dimitri-dubois","author_publications-marc-willinger","author_publications-dimitri-dubois-en","author_publications-marc-willinger-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/publications\/8929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/publications"}],"about":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/types\/publications"}],"wp:attachment":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/media?parent=8929"}],"wp:term":[{"taxonomy":"cate_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/cate_publications?post=8929"},{"taxonomy":"author_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/author_publications?post=8929"},{"taxonomy":"topic_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/topic_publications?post=8929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}