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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 study cheap talk communication in a simple two actions-two states model featuring ambiguous priors. First, we find … mixing by respectively S or R as embodying two different modes of ambiguous communication. Second, we find that for … implement his optimal decision rule and influential communication may be altogether impossible. We remark that these results …
Persistent link: https://www.econbiz.de/10010211402
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 behavioral refinement and stability measure...
Persistent link: https://www.econbiz.de/10014185948
Persistent link: https://www.econbiz.de/10003807183
This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with … more groups within which they want to play the coordination game. In the theoretical part we show that a simple myopic best … reply dynamics under endogenous group formation leads to the payoff dominant outcome in both types of coordination games …
Persistent link: https://www.econbiz.de/10002881644
We present an experiment in which extrinsic information (signals) may generate sunspot equilibria. The underlying … coordination game has a unique symmetric non-sunspot equilibrium, which is also risk-dominant. Other equilibria can be ordered …
Persistent link: https://www.econbiz.de/10014174188
A laboratory experiment studies coordination and cooperation in games played in different networks - local, random and … small-world. Coordination on the payoff-dominant equilibrium was faster in small-world networks than in local and random …
Persistent link: https://www.econbiz.de/10014213633
coordination problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics …. Contrary to previous experiments, we find that coordination on non-empty Strict Nash equilibria is not an easy task for … significantly helps coordination, but only when subjects are pre-instructed to think of the wheel network as a reasonable way to …
Persistent link: https://www.econbiz.de/10014062154
We examine communication in a 2-player sequential public good game in which the leader has private information about … deciding whether or not to contribute. Without communication, the unique equilibrium is fully efficient. We study whether the … introduction of communication about returns can destroy efficiency. Communication can be precise (about the exact return), or vague …
Persistent link: https://www.econbiz.de/10013038656
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10012778541