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. …

) equilibrium. Fully informative myopic and farsighted equilibria essentially take a particular simple form: all communication is … and analyze equilibrium welfare. Furthermore, we extend our model to public communication and investigate the implications …

posterior means. The existence of smooth communication equilibria depends on the relative usefulness of the signal structure to … communication equilibrium. The quality of smooth equilibrium communication is entirely determined by the correlation of interests …

We study strategic communication between a Sender and Receiver who are both uncertain about their preferred actions … precisely a situation where communication about ideal policies is credible. The resulting equilibrium features message … strategies that are smooth in a subspace of the Sender's information. Smooth communication equilibria are extremely tractable …

each other through links in a social network. The designer relies on this word-of-mouth communication channel to diffuse …

) equilibrium. Fully informative myopic and farsighted equilibria essentially take a particular simple form: all communication is … equilibrium welfare. Furthermore, we extend our model to public communication and investigate the implications of our results for …