Sruthi Ashraf, Alexander L. Brown, Mark W. Burris, Valon Vitaku
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Aggregate and individual effects of information in a coordination (traffic) game
Using an existing coordination (traffic) experiment, we investigate information's effect on traffic congestion when subjects already have a history of past play. In contrast to previous studies, our interventions neither alter aggregate nor individual payoffs. A second study isolates individual-subject response to information using a fixed distribution of past subjects. We find information alters subject play: subjects switch roads more often and receive higher payoffs conditional on switching roads. Because switching reduces payoffs unconditionally, information does not generally improve payoffs overall. Only subjects that receive information upon starting the game appear to increase their payoffs due to the information treatment.
期刊介绍:
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.