Money illusion and coordination failure

DOI10.1016/J.GEB.2006.04.005MaRDI QIDQ876882zbMATH OpenOpenAlexFDO

Authors Ernst Fehr, Jean-Robert Tyran

Publication date 19 April 2007

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.geb.2006.04.005

zbMATH Keywords

coordination failuremultiple equilibriacoordination gamesequilibrium selectionmoney illusion

Mathematics Subject Classification ID

Noncooperative games (91A10)

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Cites work

• scientific article; zbMATH DE number 47120 (Why is no real title available?)
• scientific article; zbMATH DE number 1907684 (Why is no real title available?)
• scientific article; zbMATH DE number 1396804 (Why is no real title available?)
• Ignoring the rationality of others: evidence from experimental normal-form games.
• Loss aversion and seller behavior: Evidence from the housing market
• Measuring Strategic Uncertainty in Coordination Games
• Minimum-effort coordination games: Stochastic potential and logit equilibrium
• On players' models of other players: Theory and experimental evidence
• Sophisticated experience-weighted attraction learning and strategic teaching in repeated games
• Strategic Uncertainty, Equilibrium Selection, and Coordination Failure in Average Opinion Games
• The reeded edge and the Phillips curve: Money neutrality, common knowledge, and subjective beliefs

Cited in

(10)

• Learning about learning in games through experimental control of strategic interdependence
• Money illusion in retirement savings with a minimum guarantee
• Equilibrium asset prices and investor behaviour in the presence of money illusion
• Economic growth under money illusion
• Deconstruction and reconstruction of an anomaly
• Price stickiness and strategic uncertainty: an experimental study
• The New Keynesian Phillips curve with myopic agents
• Optimal life insurance and annuity decisions under money illusion
• Dynamic choice, independence and emotions
• Smart or stupid depends on who is your counterpart: a cobweb model with heterogeneous expectations

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• Z-Tree

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