We develop a dynamic framework of strategic information transmission through cheap talk in a social network. Privately …) equilibrium. Fully informative myopic and farsighted equilibria essentially take a particular simple form: all communication is … and analyze equilibrium welfare. Furthermore, we extend our model to public communication and investigate the implications …

other hand the decision makers rely too much on the received information. Moreover, communication as well as payoffs …In this paper we attempt to compare theoretically and experimentally three models of strategic information transmission … models differ in the information that the receiver possesses and the senderś knowledge about these information. Lai, 2010 …

We implement multi-sender cheap talk in the laboratory. While full-information transmission is not theoretically … particular settings, but that partial-information transmission is the norm. We uncover a number of behavioral patterns: On the …

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor … quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given … the previous experimental results on cheap-talk games. Our subjects provide low-quality information even when doing so …