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used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use …
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In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a new refinement and stability measure that is...
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the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
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by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information …
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