Showing 1 - 10 of 139,068
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. …
Persistent link: https://www.econbiz.de/10010260085
We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … every bias level by introducing a sufficiently small amount of noise. Furthermore, there exists a level of noise that makes … 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
) equilibrium. Fully informative myopic and farsighted equilibria essentially take a particular simple form: all communication is … and analyze equilibrium welfare. Furthermore, we extend our model to public communication and investigate the implications …
Persistent link: https://www.econbiz.de/10012020319
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
informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the … one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation …
Persistent link: https://www.econbiz.de/10010189326
informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the … one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation …
Persistent link: https://www.econbiz.de/10011774610
centralization and delegation, and (iii) two-way communication with an informed principal …
Persistent link: https://www.econbiz.de/10014158276
' opinions into his/her own decision-making, affects the precision of communication with experts when communication is strategic … private information. We demonstrate that the precision of communication with one expert monotonously increases in sensitivity … communication with the other expert is not necessarily negative and is dependent on the heterogeneity in type distributions of all …
Persistent link: https://www.econbiz.de/10012910890
Persistent link: https://www.econbiz.de/10014278109
We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information … by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …
Persistent link: https://www.econbiz.de/10011386160