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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
This paper investigates how different message structures impact communication strategy as well as sender and receiver … behavior. Specifically, we focus on comparing communication games with messages stating an intention versus a request. Our …
Persistent link: https://www.econbiz.de/10012432600
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/10010369309
This paper investigates how different message structures impact communication strategy as well as sender and receiver … behavior. Specifically, we focus on comparing communication games with messages stating an intention versus a request. Our …
Persistent link: https://www.econbiz.de/10013200074
communication between the sender and the receiver in a way consistent with the theoretical predictions. Deviations from the …
Persistent link: https://www.econbiz.de/10008784698
size of credible deviations. ACDC organizes the results from several cheap talk experiments in which behavior converged to …
Persistent link: https://www.econbiz.de/10010477113
We study experimentally the effectiveness of communication in common value committees exhibiting publicly known … heterogeneous agents. These predict varying degrees of strategic communication. We use a 2 x 2 design varying the information … protocol (communication vs exogenous public signals) and the group composition (heterogeneous vs homogeneous). Results are only …
Persistent link: https://www.econbiz.de/10011444227
Bubbles in asset markets have been documented in numerous experimentalstudies. However, all experiments in which … without dividends. Surprisingly, communication turnsout to be counterproductive for bubble formation, whereas the …
Persistent link: https://www.econbiz.de/10005868456
We test the no-trade theorem in a laboratory financial market where subjects can trade an asset whose value is unknown. Subjects receive clues on the asset value and then set a bid and an ask at which they are willing to buy or to sell from the other participants. In treatments with no gains...
Persistent link: https://www.econbiz.de/10010264465
replicate and review earlier cascade experiments. Finally, we study reputation effects in the context of herding. …
Persistent link: https://www.econbiz.de/10010264905