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 …

model of communication in games and investigate the importance of when communication takes place. Sending a message before … are believed whenever possible. Applying our results to Aumann's Stag Hunt game we find that communication is useless if …

higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …

whenever possible, thereby develop a theory of credible communication. Predictions confirm the longstanding intuition for …

type-coordination property: it fully coordinates on the ex-post efficient pure Nash equilibrium when the players' types are … different. Type-coordination is also obtained in a partially revealing equilibrium in which only the High-type is not truthful …

talk is one-way as the truthful reports facilitate desired coordination. …

Speculative Attacks can be modelled as a coordination game with multiple equilibria if the state of the economy is …

In symmetric binary-choice coordination games, the global-game selection (GGS) has been proven to predict a high …

We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information … by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …