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nodes in a communication network. However, communication through the network is noisy, which removes common knowledge about …
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nodes in a communication network. However, communication through the network is noisy, which removes common knowledge about …
Persistent link: https://www.econbiz.de/10011324912
. Iterative admissibility also provides predictions for every finite level of reasoning about rationality. Overall we observe …
Persistent link: https://www.econbiz.de/10011811807
other players' strategies. I propose a new decision criterion which works in two steps. First, I assume common knowledge of … rationality and eliminate all strategies which are not rationalizable. Second, I apply the maximin expected utility criterion …
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We examine strategic information transmission in a controlled laboratory experiment of a cheap talk game with one sender and multiple receivers. We study the change in equilibrium behavior from the addition of another audience as well as from varying the degree of conflict between the sender's...
Persistent link: https://www.econbiz.de/10013115032
We design experimental games to evaluate the predictive power of the first cheap‐talk refinement, neologism‐proofness. In our first set of treatments designed to evaluate the refinement with its usual emphasis on literal meanings, we find that a fully revealing equilibrium that is...
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