Wang, Joseph Tao-yi; Spezio, Michael; Camerer, Colin F. - In: American Economic Review 100 (2010) 3, pp. 984-1007
We report experiments on sender-receiver games with an incentive for senders to exaggerate. Subjects "overcommunicate" -- messages are more informative of the true state than they should be, in equilibrium. Eyetracking shows that senders look at payoffs in a way that is consistent with a level-k...