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strength of the promise. Freely formulated messages lead to the fewest lies and the most efficient outcomes. …
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strength of the promise. Freely formulated messages lead to the fewest lies and the most efficient outcomes. …
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This paper reports on experiments regarding cheap talk games where senders attempt deception when their interests are …
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messages are more informative because there are fewer precise lies. …
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I describe ten situations in which experimental data may provide useful guidance to the study of cheap-talk games. Journal of Economic Literature Classification Numbers: C92, D8.
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