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We test the Average Credible Deviation Criterion (ACDC), a stability measure and refinement for cheap talk equilibria … introduced in De Groot Ruiz, Offerman & Onderstal (2011b). ACDC has been shown to be predictive under general conditions and to … organize data well in previous experiments meant to test other concepts. This experiment provides the first systematic test of …
Persistent link: https://www.econbiz.de/10011256353
Currently no refinement exists that successfully selects equilibria across a wider range of Cheap Talk games. We …. According to our Average Credible Deviation Criterion (ACDC), the stability of an equilibrium is determined by the frequency and … the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10010325937
Currently no refinement exists that successfully selects equilibria across a wider range of Cheap Talk games. We …. According to our Average Credible Deviation Criterion (ACDC), the stability of an equilibrium is determined by the frequency and … the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10011256700
Currently no refinement exists that successfully selects equilibria across a wider range of Cheap Talk games. We …. According to our Average Credible Deviation Criterion (ACDC), the stability of an equilibrium is determined by the frequency and … the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10008838631
Currently no refinement exists that successfully selects equilibria across a wider range of Cheap Talk games. We …. According to our Average Credible Deviation Criterion (ACDC), the stability of an equilibrium is determined by the frequency and … the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10011383193
propose a new refinement and stability measure that is intended to predict actual behavior in a wide range of cheap talk games …. According to our Average Credible Deviation Criterion (ACDC), the stability of an equilibrium is determined by the frequency and … 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
propose a new refinement and stability measure that is intended to predict actual behavior in a wide range of cheap talk games …. According to our Average Credible Deviation Criterion (ACDC), the stability of an equilibrium is determined by the frequency and … size of credible deviations. ACDC organizes the results from several cheap talk experiments in which behavior converged to …
Persistent link: https://www.econbiz.de/10010491401
propose a new refinement and stability measure that is intended to predict actual behavior in a wide range of cheap talk games …. According to our Average Credible Deviation Criterion (ACDC), the stability of an equilibrium is determined by the frequency and … size of credible deviations. ACDC organizes the results from several cheap talk experiments in which behavior converged to …
Persistent link: https://www.econbiz.de/10011257267
We test the Average Credible Deviation Criterion (ACDC), a stability measure and refinement for cheap talk equilibria … introduced in De Groot Ruiz et al. (Equilibrium selection in cheap talk games: ACDC rocks when other criteria remain silent …, Working paper, University of Amsterdam <CitationRef CitationID="CR18">2012a</CitationRef>). ACDC has been shown to be …
Persistent link: https://www.econbiz.de/10010988989
Persistent link: https://www.econbiz.de/10010191081