Step thinking and costly coordination

E. Fatas, A.J. Morales

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


Using the experimental sessions of Goeree and Holt (2005), we show that step thinking fits the long-run outcome of minimum-effort and median-effort games surprisingly well for all values of the cost parameter. In the latter, the predicted discontinuous behaviour of step thinking accommodates the bimodal pattern observed for the intermediate values of the cost parameter quite well.
Original languageEnglish
Pages (from-to)181-183
Number of pages3
JournalEconomics Letters
Issue number2
Publication statusPublished - 1 Aug 2013


  • Experiments
  • Step thinking
  • Coordination games

Cite this