The differential impact of friendship on cooperative and competitive coordination.
Coordination
Entry game
Friendship
Stag-hunt game
Strategic complementarity
Strategic substitutability
Strategic uncertainty
Journal
Theory and decision
ISSN: 0040-5833
Titre abrégé: Theory Decis
Pays: Netherlands
ID NLM: 100972695
Informations de publication
Date de publication:
2020
2020
Historique:
entrez:
2
11
2020
pubmed:
3
11
2020
medline:
3
11
2020
Statut:
ppublish
Résumé
Friendship is commonly assumed to reduce strategic uncertainty and enhance tacit coordination. However, this assumption has never been tested across two opposite poles of coordination involving either strategic complementarity or substitutability. We had participants interact with friends or strangers in two classic coordination games: the stag-hunt game, which exhibits strategic complementarity and may foster "cooperation", and the entry game, which exhibits strategic substitutability and may foster "competition". Both games capture a frequent trade-off between a potentially high paying but uncertain option and a low paying but safe alternative. We find that, relative to strangers, friends are more likely to choose options involving uncertainty in stag-hunt games, but the opposite is true in entry games. Furthermore, in stag-hunt games, friends "tremble" less between options, coordinate better and earn more, but these advantages are largely decreased or lost in entry games. We further investigate how these effects are modulated by risk attitudes, friendship qualities, and interpersonal similarities.
Identifiants
pubmed: 33132448
doi: 10.1007/s11238-020-09763-3
pii: 9763
pmc: PMC7590948
doi:
Types de publication
Journal Article
Langues
eng
Pagination
423-452Informations de copyright
© The Author(s) 2020.
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