[VCEE Seminar] REMINDER: VCEE Seminar with Larbi Alaoui - Invitation

[Mailing list of the VCEE seminar series]

Dear members and friends of the VCEE,

You are invited to attend the VCEE seminar on  Friday May 19, 2023, from 10:30 to 12:00 hrs Vienna time.

The seminar takes place in Seminar Room 14 (2nd floor) at Oskar-Morgenstern-Platz 1.

We will have one speaker: Larbi Alaoui (Universitat Pompeu Fabra), https://larbialaoui.com/

Here is more information about the talk:

Title:
Coordination and sophistication (joint with Katharina Janezic and Antonio Penta)

Abstract:
How coordination can be achieved in isolated, one-shot interactions without communication and in the absence of focal points is a long-standing question in game theory. We show that a cost-benefit approach to reasoning in strategic settings delivers sharp theoretical predictions that address this central question. In particular, our model predicts that, for a large class of individual reasoning processes, coordination in some canonical games is more likely to arise when players perceive heterogeneity in their cognitive abilities, rather than homogeneity. In addition, and perhaps contrary to common perception, it is not necessarily the case that being of higher cognitive sophistication is beneficial to the agent: in some coordination games, the opposite is true. We show that subjects' behavior in a laboratory experiment is consistent with the predictions of this model, and reject alternative coordination mechanisms. Overall, the empirical results strongly support our model.

If you are interested in meeting after the seminar (meeting slots of 30', room no 05.330) you can register via this link:

https://nuudel.digitalcourage.de/AvhUQ2nPXc58pVjZ



Best regards,

Nora Brandes

--
Mag. Nora Brandes
University of Vienna
Department of Economics
Oskar-Morgenstern-Platz 1
1090-Wien, Austria
Phone: +43 1 4277 37404

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