Showing 1 - 2 of 2
An intuitively natural consistency condition for contingent plans is necessary and sufficient for a contingent plan to be rationalized by maximization of conditional expected utility. One alternative theory of choice under uncertainty, the weighted-utility theory developed by Chew Soo Hong...
Persistent link: https://www.econbiz.de/10005407612
This paper establishes the generic finiteness of equilibrium outcome distributions for Sender-Receiver cheap-talk games. An equilibrium in a Sender-Receiver cheap-talk game is said to be in reduced form if every message is used by at least one type and no two messages provoke the same response....
Persistent link: https://www.econbiz.de/10005118651