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Costless and non-binding pre-play communication (cheap talk) has been found to often be effective in achieving … uncertainty in the framework of a 2x2 coordination game, in which one choice leads to the same payoff regardless of the action of … the other person's play. Cheap talk is found to be effective, as there is much more coordination in both Signal treatments …
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by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information …
Persistent link: https://www.econbiz.de/10011386160
experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at … introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a … others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in …
Persistent link: https://www.econbiz.de/10013375345
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/10010260085
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
This paper studies information transmission in a two-sender, multidimensional cheap talk setting where there are exogenous constraints on the (convex) feasible set of policies for the receiver and where the receiver is uncertain about both the directions and the magnitudes of the senders' bias...
Persistent link: https://www.econbiz.de/10012158784
We design experimental games to evaluate the predictive power of the first cheap‐talk refinement, neologism‐proofness. In our first set of treatments designed to evaluate the refinement with its usual emphasis on literal meanings, we find that a fully revealing equilibrium that is...
Persistent link: https://www.econbiz.de/10011994751
We examine strategic information transmission in a controlled laboratory experiment of a cheap talk game with one … communication between the sender and the receiver in a way consistent with the theoretical predictions. There is evidence of the …
Persistent link: https://www.econbiz.de/10013115032