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We compare communication about private information to communication about actions in a one- shot 2-person public good …
Persistent link: https://www.econbiz.de/10011091836
We compare signaling by words and actions in a one-shot 2-person public good game with private information. The informed player, who knows the exact return from contributing, can signal by contributing first (actions) or by sending a costless message (words). Words can be about the return or...
Persistent link: https://www.econbiz.de/10011092715
This paper shows that the efficiency bound for communication equilibria identified by Goltsman et al. (2009) in the …
Persistent link: https://www.econbiz.de/10011049785
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 …
Persistent link: https://www.econbiz.de/10005812758
We examine the possibilities for communication between agents with divergent preferences in a noisy environment. Taking … Crawford and Sobel’s [4] (noiseless) communication game as a reference point, we study a model in which there is a probability … actions. Surprisingly, the possibility of error can improve the prospects for communication. We show that for small noise …
Persistent link: https://www.econbiz.de/10005750745
This paper studies information transmission in a two-sender, multidimensional cheap talk setting where there are exogenous constraints on the (convex) feasible set of policies for the receiver and where the receiver is uncertain about both the directions and the magnitudes of the senders' bias...
Persistent link: https://www.econbiz.de/10012158784
For many decisions, people rely on information received from others by word of mouth. How does the process of verbal transmission distort economic information? In our experiments, participants listen to audio recordings containing economic forecasts and are paid to accurately transmit the...
Persistent link: https://www.econbiz.de/10014462144
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 …
Persistent link: https://www.econbiz.de/10011702289
We implement multi-sender cheap talk in the laboratory. While full-information transmission is not theoretically feasible in the standard one-sender-one- dimension model, in this setting with more senders and dimensions, full revelation is generically a robust equilibrium outcome. Our...
Persistent link: https://www.econbiz.de/10011798907
We experimentally manipulate two aspects of the cognitive environment, cognitive depletion and recent sugar intake, and estimate their effects on individuals' time preferences in a way that allows us to identify the structural parameters of a simple (α,β,δ) intertemporal utility function for...
Persistent link: https://www.econbiz.de/10013084671