Ruiz, Adrian de Groot; Offerman, Theo; Onderstal, Sander - Tinbergen Instituut - 2011
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 …