Drugov, Mikhail; Hernán-González, Roberto; Kujal, Praveen - Economic Science Institute (ESI), Argyros School of … - 2013
in a cheap-talk game. We find evidence of the "disciplining" effect of public communication as compared to private … strategic thinking when communication is public. Using the level-k model, we exploit the within subject design to show how … individuals decrease their level-k in public communication. Surprisingly, we find that individuals become more sophisticated when …