This paper reports on an experiment testing Credible Message Rationalizability (CMR) in one-shot and repeated signaling games with costless communication. CMR is a non-equilibrium theory combining rationalizability with the idea that players will, using the natural meaning of the language,...

One of the key roles of government is to coordinate the activities of citizens. One reason why governments are efficient facilitators of coordinated action, in addition to their ability to force compliance or tax, is that they are typically endowed with more information than the individuals they...