Due to structural, regulatory and security-related advantages, crypto assets attract an unparalleled attention all over the world and lead to a heated discussion, whether crypto assets can be considered as a viable option for alternative investments. However, aside from regulatory uncertainty, a...

We develop a theory of conversations. Two agents with different interests take turns choosing the topic of the conversation. Talking about a single topic allows them to delve deeper, making the conversation more informative (or enjoyable). To capture this dynamic, we assume that the marginal...