Showing 1 - 10 of 105
degrees. When the decision maker consults only a single expert, the expert withholds substantial information from the decision …
Persistent link: https://www.econbiz.de/10005550962
We conduct experiments of a cheap-talk game with incomplete information in which one sender type has an incentive to …'s messages. This confirms ``truth bias'' reported in communication theory in a one-shot, anonymous environment without nonverbal … under certain conditions. We claim that the theory for the evolution of language should address why truthful communication …
Persistent link: https://www.econbiz.de/10005556670
-BASED ECONOMIC STRUCTURES AND INFORMATION SOCIETIES THAT COMPRISE NETWORKS OF INDIVIDUALS, FIRMS AND COUNTRIES THAT ARE LINKED …
Persistent link: https://www.econbiz.de/10005556113
information and feedback so that they have to learn the nature of the game during repeated play. The results lend support to the … lack structural information, which contrasts with common notions of fairness or "manners" in ultimatum bargaining (Camerer …
Persistent link: https://www.econbiz.de/10005125583
information to policy makers often have a vested interest in the outcomes. This gives them an incentive to distort information to … manipulate policy decisions. In this article we argue that reputation or penalties for lying do not always induce information … information about policy consequences. This has the advantage that policy makers can affect the preferences of the information …
Persistent link: https://www.econbiz.de/10005125873
contrasting revealed and stated preference information. However, a short, neutral cheap-talk script appears to exacerbate rather …
Persistent link: https://www.econbiz.de/10005407824
improves consumer information and increases the intensity of price competition. …
Persistent link: https://www.econbiz.de/10005412887
A firm must decide whether to launch a new product. A launch implies considerable fixed costs, so the firm would like to assess downstream demand before it decides. We study under which conditions a potential buyer would be willing to reveal his willingness to pay under different pricing...
Persistent link: https://www.econbiz.de/10005412896
the intensity of the information possessed. Equilibrium forecasts are then systematically less precise than under …
Persistent link: https://www.econbiz.de/10005550867
We introduce cheap talk in a dynamic investment model with information externalities. We first show how social learning … investment tax can increase welfare. The more precise the sender's information, the higher her incentives to truthfully reveal … her private information. …
Persistent link: https://www.econbiz.de/10005118611