?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F46521%2F&rft.title=Coordination+and+Sophistication&rft.creator=Alaoui%2C+Larbi&rft.creator=Janezic%2C+Katharina+A.&rft.creator=Penta%2C+Antonio&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=How+coordination+can+be+achieved+in+isolated%2C+one-shot+interactions+without+com-munication+and+in+the+absence+of+focal+points+is+a+long-standing+question+in+game+theory.+We+show+that+a+cost-benefit+approach+to+reasoning+in+strategic+settings+delivers+sharp+theoretical+predictions+that+address+this+central+question.+In+particular%2C+our+model+predicts+that%2C+for+a+large+class+of+individual+reasoning+processes%2C+coordination+in+some+canonical+games+is+more+likely+to+arise+when+players+perceive+heterogeneity+in+their+cognitive+abilities%2C+rather+than+homogeneity.+In+addition%2C+and+perhaps+contrary+to+common+perception%2C+it+is+not+necessarily+the+case+that+being+of+higher+cognitive+sophistication+is+beneficial+to+the+agent%3A+in+some+coordination+games%2C+the+opposite+is+true.+We+show+that+subjects%E2%80%99+behavior+in+a+laboratory+experiment+is+consistent+with+the+predictions+of+this+model%2C+and+reject+alternative+coordination+mechanisms.+Overall%2C+the+empirical+results+strongly+support+our+model.&rft.publisher=TSE+Working+Paper&rft.date=2022-12&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F46521%2F1%2Fwp_tse_1394.pdf&rft.identifier=++Alaoui%2C+Larbi+%3Chttps%3A%2F%2Fwww.idref.fr%2F115014551%3E%2C+Janezic%2C+Katharina+A.+and+Penta%2C+Antonio+%3Chttps%3A%2F%2Fwww.idref.fr%2F264969170%3E++(2022)+Coordination+and+Sophistication.++TSE+Working+Paper%2C+n.+22-1394%2C+Toulouse+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F127599&rft.language=en