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of the standard model which do not respond to changes in supply or demand. Despite incomplete information, equilibrium …
Persistent link: https://www.econbiz.de/10005750729
A recent experimental study of Cai and Wang (2003) on strategic information transmission games reveals that subjects … tend to transmit more information than predicted by the standard equilibrium analysis. To evidence that this …
Persistent link: https://www.econbiz.de/10005147090
We analyze experimentally two sender-receiver games with conflictive preferences. In the first game, the sender can choose to tell the truth, to lie, or to remain silent. The latter strategy is costly and similar to an outside option. If sent, the receiver can either trust or distrust the...
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