Chakravarty, Sujoy; Dechenaux, Emmanuel; Roy, Jaideep - In: Southern Economic Journal 77 (2010) 2, pp. 351-368
This article reports results from an experiment comparing the effects of vague versus precise pre-play communication in a highly competitive two-player game with conflicting interests. In the classic Traveler’s Dilemma, non-binding precise messages about intent of play are pure cheap talk. We...