Explaining Focal Points: Cognitive Hierarchy Theory versus Team Reasoning
通过两个实验检验了认知层级理论和团队推理对玩家如何利用焦点选择均衡的解释，发现决策情境影响推理方式。
This article reports experimental tests of two alternative explanations of how players use focal points to select equilibria in one-shot coordination games. Cognitive hierarchy theory explains coordination as the result of common beliefs about players' pre-reflective inclinations towards the relevant strategies; the theory of team reasoning explains it as the result of the players' using a non-standard form of reasoning. We report two experiments. One finds strong support for team reasoning; the other supports cognitive hierarchy theory. In the light of additional questionnaire evidence, we conclude that players' reasoning is sensitive to the decision context. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009.