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their types in the cheap-talk phase in both one-way or two-way talk. Furthermore, the unique symmetric cheap-talk … higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10011761639
model of communication in games and investigate the importance of when communication takes place. Sending a message before … are believed whenever possible. Applying our results to Aumann's Stag Hunt game we find that communication is useless if …
Persistent link: https://www.econbiz.de/10010200432
We study experimentally persuasion games in which a sender (e.g., a seller) with private information provides verifiable but potentially vague information (e.g., about the quality of a product) to a receiver (e.g., a buyer). Various theoretical solution concepts such as sequential equilibrium or...
Persistent link: https://www.econbiz.de/10011811807
Currently no refinement exists that successfully selects equilibria across a wider range of Cheap Talk games. We propose a generalization of refinements based on credible deviations, such as neologism proofness and announcement proofness. According to our Average Credible Deviation Criterion...
Persistent link: https://www.econbiz.de/10011383193
whenever possible, thereby develop a theory of credible communication. Predictions confirm the longstanding intuition for …
Persistent link: https://www.econbiz.de/10011345781
Persistent link: https://www.econbiz.de/10012814158
Persistent link: https://www.econbiz.de/10014512267
example, because they have to obey institutionalized communication protocols. We assume that all involved in the communication …
Persistent link: https://www.econbiz.de/10012929289
example because they have to obey institutionalized communication protocols. We assume that all involved in the communication …
Persistent link: https://www.econbiz.de/10011686974
The paper analyzes the role of the structure of communication - i.e. who is talking with whom - on the choice of … messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked … analysis of credibility, the subjects should communicate and play the Pareto optimal equilibrium only when communication is …
Persistent link: https://www.econbiz.de/10010418867