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With cheap talk, more can be achieved by long conversations than by a single message - even when one side is strictly better informed than the other.
Persistent link: https://www.econbiz.de/10005752795
To explain why pre-play communication increases cooperation in games, one refers to a) strategic causes such as … efficient communication or reputation effects, and b) changes in the utilities due to social processes. Hitherto experimental … focus on the effects of communication processes. We clearly find social effects, but none of revealed anonymity or salient …
Persistent link: https://www.econbiz.de/10005596255