Chakraborty, Archishman; Harbaugh, Rick - In: American Economic Review 100 (2010) 5, pp. 2361-82
We consider the credibility, persuasiveness, and informativeness of multidimensional cheap talk by an expert to a decision maker. We find that an expert with state-independent preferences can always make credible comparative statements that trade off the expert's incentive to exaggerate on each...