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Making Formal Models Freshman-Friendly
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38
Distribution, Communication, and Information Problems “Hi, I’m ___________________.” Goal: Maximize your payoff. If you’re Rose, you prefer AA>BB. If you’re Colin, you prefer BB>AA.
1 Pure coordination
2 Dist and Coord
3 Pure Coordination
COORDINATE ON A
BOTS
COORDINATE ON B
A
B
A
B
A
B
A 2,2,
0,0 A 2,1 0,0 A 1,1 0,0
B 0,0
1,1
B 0,0
1,2
B 0.0
2,2
p(game 1)= 0.2
p(game 2)= 0.6
p(game 3)= 0.2
Version 1: My Move
Opponent’s Move
Game we’re playing
Payoff
Version 2:
My Signal
(private information)
My Message
Opponent’s Message
My Move
Opponent’s Move
Game we’re playing
Payoff
What did you learn about achieving cooperation in this game? What effect do information problems have on solving distribution problems? How do institutions promote cooperation when payoffs look like BOTS? Like Coordination?
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| | Authors: Croco, Sarah. and Powner, Leanne. |
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38
Distribution, Communication, and Information Problems
“Hi, I’m ___________________.” Goal: Maximize your payoff.
If you’re Rose, you prefer AA>BB.
If you’re Colin, you prefer BB>AA.
1 Pure coordination
2 Dist and Coord
3 Pure Coordination
COORDINATE ON A
BOTS
COORDINATE ON B
A
B
A
B
A
B
A 2,2,
0,0 A 2,1 0,0 A 1,1 0,0
B 0,0
1,1
B 0,0
1,2
B 0.0
2,2
p(game 1)= 0.2
p(game 2)= 0.6
p(game 3)= 0.2
Version 1:
My Move
Opponent’s
Move
Game we’re
playing
Payoff
Version 2:
My Signal
(private information)
My Message
Opponent’s
Message
My Move
Opponent’s
Move
Game we’re
playing
Payoff
What did you learn about achieving cooperation in this game?
What effect do information problems have on solving distribution problems?
How do institutions promote cooperation when payoffs look like BOTS? Like Coordination?
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