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We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … it possible to achieve the best payoff that can be obtained by means of any communication device. As in the model without …
Persistent link: https://www.econbiz.de/10011702289
We implement multi-sender cheap talk in the laboratory. While full-information transmission is not theoretically feasible in the standard one-sender-one- dimension model, in this setting with more senders and dimensions, full revelation is generically a robust equilibrium outcome. Our...
Persistent link: https://www.econbiz.de/10011798907
recipients attach to communication opportunities (experiment 2). The first experiment shows that the effect of communication on …
Persistent link: https://www.econbiz.de/10010361495
recipients attach to communication opportunities (experiment 2). The first experiment shows that the effect of communication on …
Persistent link: https://www.econbiz.de/10011671666
Depending on the context at hand, people's preference for receiving feedback might differ. Especially in allocation decisions that directly concern another individual, feedback from the affected person can have positive or negative value. We study such preferences in a laboratory experiment by...
Persistent link: https://www.econbiz.de/10012169494
Do people anticipate the conditions that enable them to manipulate their beliefs when confronted with unpleasant information? We investigate whether individuals seek out the "cognitive flexibility" needed to distort beliefs in self-serving ways, or instead attempt to constrain it, committing to...
Persistent link: https://www.econbiz.de/10012271757
We report results from a sender-receiver deception game, which tests whether an individual's decision to deceive is influenced by a concern for relative standing in a reference group. The sender ranks six possible outcomes, each specifying a payoff for him and the receiver. A message is then...
Persistent link: https://www.econbiz.de/10010404042
The paper analyzes the role of the structure of communication - i.e. who is talking with whom - on the choice of … analysis of credibility, the subjects should communicate and play the Pareto optimal equilibrium only when communication is … disregard communication. The experimental data conform to our predictions: the agents reach the Pareto-dominant equilibrium only …
Persistent link: https://www.econbiz.de/10010418867
Individuals and two-person teams play a hidden - action trust game with pre - play communication. We replicate previous …
Persistent link: https://www.econbiz.de/10012014362
cheap-talk communication with evaluators. We use the chat among committee members to learn about, e.g., their beliefs about …
Persistent link: https://www.econbiz.de/10011895939