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function of the information-theoretic capacity of the communication channel …
Persistent link: https://www.econbiz.de/10012106139
Modern communication technologies enable efficient exchange of information, but often sacrifice direct human … interaction inherent in more traditional forms of communication. This raises the question of whether the lack of personal … that self-selection into communication channels can be used to screen for dishonest people. …
Persistent link: https://www.econbiz.de/10011825233
A central assumption of the canonical cheap talk literature is that people misreport their private information if this is to their material benefit. Recent evidence from laboratory experiments with student subjects suggests, however, that while many people do report the payoff-maximizing...
Persistent link: https://www.econbiz.de/10009634327
The widespread evidence of multiple bank lending relationships in credit markets suggests that firms are interested in setting up a diversity of banking links. However, it is hard to know from the empirical data whether a firm's observed number of lenders is symptomatic of financial constraints...
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-generating process. We show that the stronger the coordination motive behind agents' behaviour is, the more they use private or public … signals in the way that they suspect others are doing it. Consequently, the negative impact of public communication noted by … public signal at all, which suggests that there is a scope to "obliterate" public communication in a specific way, by making …
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We perform a (psychological) game-theoretic analysis of cheating in the setting proposed by Fischbacher & Föllmi-Heusi (2013). The key assumption, which we refer to as perceived cheating aversion, is that the decision maker derives disutility in proportion to the amount in which he is perceived...
Persistent link: https://www.econbiz.de/10011566513