Matthey, Astrid; Dwenger, Nadja - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
on cheap talk.
JEL classification: D11, D84, C91
Keywords: aspirations, reference state, expectations, individual utility … individual utility function
U = ua(xA)bracehtipupleft bracehtipdownrightbracehtipdownleft bracehtipupright
t=1
+ua … can rule out a negative effect of xA onintegraltext
x v(x|r), no costs of high aspirations on individual utility must be …