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How should an agent (the sender) observing multi-dimensional data (the state vector) persuade another agent to take the desired action? We show that it is always optimal for the sender to perform a (non-linear) dimension reduction by projecting the state vector onto a lower-dimensional object...
Persistent link: https://www.econbiz.de/10012799529
each other through links in a social network. The designer relies on this word-of-mouth communication channel to diffuse …
Persistent link: https://www.econbiz.de/10012870478
We study the role of communication in repeated games with private monitoring. In such games, players receive only noisy … equilibria with "cheap talk" that result in nearly efficient payoffs, whereas all equilibria without such communication are … bounded away from this outcome. Thus, in our model, communication is necessary for cooperation …
Persistent link: https://www.econbiz.de/10012963425
. Private information is (conditionally) correlated across players, and communication is cheap talk. We show that with two …
Persistent link: https://www.econbiz.de/10012987832
study by Morris argued that analysts' (experts') reputational concerns may discourage truthful communication when they try … on communication in a setting where analysts can choose their precision endogenously. Because both misaligned and aligned …
Persistent link: https://www.econbiz.de/10013019964
Official reports and case studies reveal that China experienced different means of communication with the world powers … since it joined the World Trade Organization in 2001. In the first five years, China had public communication with both the … United States and the European Union under the Transitional Review Mechanism. In 2006 a new means of communication, the China …
Persistent link: https://www.econbiz.de/10013020027
This paper deals with the effects of different modes of communication in a costless information transmission … having two senders and one receiver. The communication of senders is simultaneous in the first, sequential in the second and … one sender becomes insignificant in our two-sender model regardless of the mode of communication. However, as to the …
Persistent link: https://www.econbiz.de/10012431852
We studied how communication media affect trust game play. Three popular media were considered: traditional face …-to-face, Facebook groups, and anonymous online chat. We considered post-communication changes in players' expectations and preferences …, and further analyzed the contents of group communications to understand the channels though which communication appears to …
Persistent link: https://www.econbiz.de/10012432337
This paper reports on experiments regarding cheap talk games where senders attempt deception when their interests are not in conflict with those of the receiver. The amount of miscommunication is higher than in previous experimental findings on cheap talk games in situations where senders’ and...
Persistent link: https://www.econbiz.de/10012418635
This paper studies the effect of disclosing conflicts of interest on strategic communication when the sender has lying …
Persistent link: https://www.econbiz.de/10012625514