Showing 1 - 10 of 23
Persistent link: https://www.econbiz.de/10002711504
Persistent link: https://www.econbiz.de/10003866827
Persistent link: https://www.econbiz.de/10003052419
I consider multi-round cheap talk communication environments in which, after a lie, the informed party has no memory of the content of the lie. I characterize the equilibria with forgetful liars in such settings assuming that a liar's expectation about his past lie coincides with the equilibrium...
Persistent link: https://www.econbiz.de/10012587426
Persistent link: https://www.econbiz.de/10012234572
Persistent link: https://www.econbiz.de/10013331064
Persistent link: https://www.econbiz.de/10009297609
This paper examines the occurrence and fragility of information cascades in laboratory experiments. One group of low informed subjects make predictions in sequence. In a matched pairs design, another set of high informed subjects observe the decisions of the first group and make predictions....
Persistent link: https://www.econbiz.de/10003803102
Persistent link: https://www.econbiz.de/10011925978
We consider a single psychological agent whose utility depends on his action, the state of the world, and the belief that he holds about that state. The agent is initially informed about the state and decides whether to memorize it, otherwise he has no recall. We model the memorization process...
Persistent link: https://www.econbiz.de/10012437181