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We consider a Sender-Receiver game in which the Sender can choose between sending a cheap-talk message, which is costless, but also not verified and a costly verified message. While the Sender knows the true state of the world, the Receiver does not have this information, but has to choose an...
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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 …, desirability for such obliteration and non-commonality of signals' understanding. -- transparency ; central bank communication …
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the directions and the magnitudes of the senders' bias vectors. With the supports of the biases represented by cones, we …
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