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whenever possible, thereby develop a theory of credible communication. Predictions confirm the longstanding intuition for …
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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 …
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posterior means. The existence of smooth communication equilibria depends on the relative usefulness of the signal structure to … communication equilibrium. The quality of smooth equilibrium communication is entirely determined by the correlation of interests …
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We study strategic communication between a Sender and Receiver who are both uncertain about their preferred actions … precisely a situation where communication about ideal policies is credible. The resulting equilibrium features message … strategies that are smooth in a subspace of the Sender's information. Smooth communication equilibria are extremely tractable …
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