other hand the decision makers rely too much on the received information. Moreover, communication as well as payoffs …In this paper we attempt to compare theoretically and experimentally three models of strategic information transmission … models differ in the information that the receiver possesses and the senderś knowledge about these information. Lai, 2010 …

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor … quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given … the previous experimental results on cheap-talk games. Our subjects provide low-quality information even when doing so …

This study analyzes investors' perception of placebic information and its impact on stock price estimates. We initiate … show that placebic information increases the perceived amount of relevant information. Individual participants …' characteristics, such as gender, financial knowledge or overconfidence, do not affect these findings. Placebic information does not …

heterogeneous agents. These predict varying degrees of strategic communication. We use a 2 x 2 design varying the information …We study experimentally the effectiveness of communication in common value committees exhibiting publicly known … protocol (communication vs exogenous public signals) and the group composition (heterogeneous vs homogeneous). Results are only …

cheap-talk communication with evaluators. We use the chat among committee members to learn about, e.g., their beliefs about … to garble the information on which evaluators can base their assessments. Evaluators see through this behavior, making …