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<p class="MsoNormal" style="margin-bottom:12.0pt"><span lang="DE">Dear members and friends of the VCEE,<br>
<br>
You are invited to attend the VCEE seminar on Friday May 19, 2023, from 10:30 to 12:00 hrs Vienna time.
<br>
<br>
The seminar takes place in Seminar Room 14 (2nd floor) at Oskar-Morgenstern-Platz 1.<br>
<br>
We will have one speaker: <b>Larbi Alaoui</b> (Universitat Pompeu Fabra), <span class="jtukpc">
<a href="https://larbialaoui.com/">https://larbialaoui.com/</a></span><br>
<br>
Here is more information about the talk:<o:p></o:p></span></p>
<p><b><span lang="DE">Title: </span></b><span lang="DE"><br>
</span><span class="jtukpc"><b>Coordination and sophistication</b> (joint with Katharina Janezic and Antonio Penta)</span><span lang="DE"><o:p></o:p></span></p>
<p><b><span lang="DE">Abstract:</span></b><span lang="DE"><br>
</span><span class="jtukpc">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.</span><span lang="DE"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="DE"><br>
If you are interested in meeting after the seminar (meeting slots of 30’, room no 05.330) you can register via this link:<o:p></o:p></span></p>
<p><span lang="DE"><a href="https://nuudel.digitalcourage.de/AvhUQ2nPXc58pVjZ">https://nuudel.digitalcourage.de/AvhUQ2nPXc58pVjZ</a><o:p></o:p></span></p>
<p><span lang="DE"><o:p> </o:p></span></p>
<p><span lang="DE">Best regards,<o:p></o:p></span></p>
<p><span lang="DE">Nora Brandes<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span lang="DE" style="mso-ligatures:none;mso-fareast-language:DE-AT">--<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="DE" style="mso-ligatures:none;mso-fareast-language:DE-AT">Mag. Nora Brandes<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="DE" style="mso-ligatures:none;mso-fareast-language:DE-AT">University of Vienna<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="DE" style="mso-ligatures:none;mso-fareast-language:DE-AT">Department of Economics<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="DE" style="mso-ligatures:none;mso-fareast-language:DE-AT">Oskar-Morgenstern-Platz 1<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="DE" style="mso-ligatures:none;mso-fareast-language:DE-AT">1090-Wien, Austria<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="DE" style="mso-ligatures:none;mso-fareast-language:DE-AT">Phone: +43 1 4277 37404<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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