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-play communication: numerical (tabular) only, and verbal and numerical. We find that either kind of pre-play communication increases … trusting, trustworthiness, or both, in inter-subject comparisons, but that the inclusion of verbal communication generates both …
Persistent link: https://www.econbiz.de/10014224260
We examine communication in a 2-player sequential public good game in which the leader has private information about … deciding whether or not to contribute. Without communication, the unique equilibrium is fully efficient. We study whether the … introduction of communication about returns can destroy efficiency. Communication can be precise (about the exact return), or vague …
Persistent link: https://www.econbiz.de/10013038656
In the dynamic game we analyze, players are the members of a fixed network. Everyone is initially endowed with an information item that he is the only player to hold. Players are offered a finite number of periods to centralize the initially dispersed items in the hands of any one member of the...
Persistent link: https://www.econbiz.de/10003950474
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We show that essentially every communication equilibrium of any finite Bayesian game with two players can be …. -- Bayesian game ; cheap talk ; communication equilibrium ; correlated equilibrium ; pre-play communication …
Persistent link: https://www.econbiz.de/10009010498
We study cheap talk communication in a simple two actions-two states model featuring ambiguous priors. First, we find … mixing by respectively S or R as embodying two different modes of ambiguous communication. Second, we find that for … implement his optimal decision rule and influential communication may be altogether impossible. We remark that these results …
Persistent link: https://www.econbiz.de/10010211402
Persistent link: https://www.econbiz.de/10010213061
In economics, the standard approach to language is that talk is cheap. Here, instead, language is a social convention that affects utility. Unless language is used in its ordinary sense, it cannot help to coordinate actions because there is no way of decoding it. This points to a unique...
Persistent link: https://www.econbiz.de/10008903436
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This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10003301085