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| Author: | Knez, M. Camerer, C. |
| Title: | Creating expectational assets in the laboratory: coordination in "Weakest-link" games |
| Journal: | Strategic Management Journal
1994 : WINTER, VOL. 15:SPECIAL ISSUE, p. 101-119 |
| Index terms: | EXPECTATIONS ASSETS GAMES |
| Language: | eng |
| Abstract: | The authors study coordination games with multiple equilibria, in which players are penalized for picking numbers higher than the minimum anybody picks, and everyone prefers a larger minimum. "weakest link" games like this model organizational situations in which the worst component of a product or process determines its overall quality. In experimental groups, the best equilibrium was reached infrequently. Aggregating two groups into a larger one always hurt. |
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