games with costless communication. CMR is a non-equilibrium theory combining rationalizability with the idea that players …

We study the determinants of efficient behavior in stag hunt games (2x2 symmetric coordination games with Pareto ranked …

studied, but how information affects strategic uncertainty is underexplored. This paper examines how two communication … fundamental and strategic uncertainty. I find that market does not improve coordination because the expectation that coordination … failures will occur is self-fulfilling, while cheap talk improves coordination because the signals of willingness to invest …

which support the theory remarkably well. In the stochastic variant, there is more signalling behavior than with …

This paper studies the role of public information in multiple-agent coordination problems underlying a variety of … economic scenarios such as banking and debt crises. The impact of information on coordination in such settings rests on the … coordination: market prices and cheap talk (i.e. non-binding promises). I find that although informationally efficient market …

free-form pre-play communication. I focus on players who verbally first suggest cooperation in each game. I study …

We study the interaction of the effects of the strategic environment and communication on the observed levels of … substitutes disappears. A machine-assisted natural language processing approach shows how the content of communication is …