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other hand the decision makers rely too much on the received information. Moreover, communication as well as payoffs … communication is less biased. In all treatments, however, the messages are more precise than theoretically predicted. …
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We develop a model of cheap talk with transparent and monotone motives from a seller to an informed buyer. By transparent and monotone motives, we mean that the seller's preference does not depend on the state of the world and is increasing in the choice(s) of the buyer regardless of the state...
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We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … it possible to achieve the best payoff that can be obtained by means of any communication device. As in the model without …
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