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Costless and non-binding pre-play communication (cheap talk) has been found to often be effective in achieving … uncertainty in the framework of a 2x2 coordination game, in which one choice leads to the same payoff regardless of the action of … the other person's play. Cheap talk is found to be effective, as there is much more coordination in both Signal treatments …
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in communication and coordination are discussed …The effectiveness of pre-play communication in achieving efficient outcomes has long been a subject of controversy. In … some environments, cheap talk may help to achieve coordination. However, Aumann conjectures that, in a variant of the Stag …
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We examine experimentally the impact of communication on trust and cooperation. Our design admits observation of … avoid guilt, as can be modeled using psychological game theory. When players exhibit such guilt aversion, communication may …
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-perfect equilibrium transform these prisoner's dilemma games into coordination games, with both mutual cooperation and mutual defection as …
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We perform an experimental test of a modification of the controversial canonical mechanism for Nash implementation, using 3 subjects in non-repeated groups, as well as 3 outcomes, states of nature, and integer choices. We find that this mechanism successfully implements the desired outcome a...
Persistent link: https://www.econbiz.de/10014220848
We perform an experimental test of Maskin's canonical mechanism for Nash implementation, using 3 subjects in non-repeated groups, as well as 3 outcomes, states of nature, and integer choices. We find that this mechanism succesfully implements the desired outcome a large majority of the time and...
Persistent link: https://www.econbiz.de/10005772110
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