Showing 1 - 10 of 15,171
in a cheap-talk game. We find evidence of the "disciplining" effect of public communication as compared to private … strategic thinking when communication is public. Using the level-k model, we exploit the within subject design to show how … individuals decrease their level-k in public communication. Surprisingly, we find that individuals become more sophisticated when …
Persistent link: https://www.econbiz.de/10010817403
's knowledge public knowledge. The experiment replicates the results of earlier experimental studies (Dickhaut et al., 1995, Cai … 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/10010884477
coordination and distribution of coordinated outcomes across networks. But increasing the communication length improves both … efficiency an equity of coordination. In all treatments, coordination is mostly explained by convergence in communication. We …We study experimentally how the network structure and length of pre-play communication affect behavior and outcome in a …
Persistent link: https://www.econbiz.de/10008587475
range of prior probability of the High-Type. This equilibrium has a desirable type-coordination property: it fully … coordinates on the ex-post efficient pure Nash equilbrium when the players' types are different. Type-coordination is also …
Persistent link: https://www.econbiz.de/10010818179
coordination property. Such coordination can also be obtained as a partially revealing cheap talk equilibrium. These outcomes can …
Persistent link: https://www.econbiz.de/10010818189
the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10011256700
In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a new refinement and stability measure that is...
Persistent link: https://www.econbiz.de/10011257267
the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10008838631
organize data well in previous experiments meant to test other concepts. This experiment provides the first systematic test of …
Persistent link: https://www.econbiz.de/10011256353
coordination by playing the recommended strategies. However, coordination and following recommendations vary significantly among …
Persistent link: https://www.econbiz.de/10010547018