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knowledge public knowledge. The experiment replicates the results of earlier experimental studies (Dickhaut et al., 1995, Cai … 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
Human communication in organizations often involves a large amount of gossiping about others. Here we study in an … experiment whether gossip affects the efficiency of human interactions. We let subjects play a trust game. Third parties observe …
Persistent link: https://www.econbiz.de/10011452089
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well … understood. We study cooperation under different monitoring and communication structures in the laboratory. Under all monitoring …
Persistent link: https://www.econbiz.de/10011925584
We study experimentally persuasion games in which a sender (e.g., a seller) with private information provides verifiable but potentially vague information (e.g., about the quality of a product) to a receiver (e.g., a buyer). Various theoretical solution concepts such as sequential equilibrium or...
Persistent link: https://www.econbiz.de/10011811807
how communication mitigates this free-riding problem in an investment-timing game. In our baseline investment-timing game …. If more investors invest at the same time, they share the costs. In the communication treatment, subjects can freely … communicate before choosing the investment time. We find that in groups of two players, communication increases cooperation and …
Persistent link: https://www.econbiz.de/10014299600
In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a new refinement and stability measure that is...
Persistent link: https://www.econbiz.de/10010477113
Costless and non-binding pre-play communication (cheap talk) has been found to often be effective in achieving …
Persistent link: https://www.econbiz.de/10014122582
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well … understood. We study cooperation under different monitoring and communication structures in the laboratory. Under all monitoring …
Persistent link: https://www.econbiz.de/10012908872
We examine strategic information transmission in a controlled laboratory experiment of a cheap talk game with one … communication between the sender and the receiver in a way consistent with the theoretical predictions. There is evidence of the …
Persistent link: https://www.econbiz.de/10013115032
We consider an experiment with a version of the Battle of the Sexes game with two-sided private information, allowing a …
Persistent link: https://www.econbiz.de/10012928248