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Persistent link: https://www.econbiz.de/10013257728
We modify the Acquiring-a-Company game to study lying in ultimatum bargaining. Privately informed sellers send messages about the alleged value of their company to potential buyers. Via random information leaks, buyers can learn the true value before proposing a price which the seller finally...
Persistent link: https://www.econbiz.de/10014377381
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by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information …
Persistent link: https://www.econbiz.de/10011386160
experiment participants, and that allowing face-to-face pre-play communication increases efficiency although still not to the …The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing …
Persistent link: https://www.econbiz.de/10011852503
them. Through a pre-registered and theory-guided laboratory experiment, we provide evidence that such reciprocal …
Persistent link: https://www.econbiz.de/10014476792
them. Through a pre-registered and theory-guided laboratory experiment, we provide evidence that such reciprocal …
Persistent link: https://www.econbiz.de/10014467870
In cases of conflict of interest, people can lie directly or evade the truth. We analyse this situation theoretically and test the key behavioural predictions in a novel sender-receiver game. We find senders prefer to deceive through evasion rather than direct lying, more so when evasion is a...
Persistent link: https://www.econbiz.de/10014495050
cheap-talk communication with evaluators. We use the chat among committee members to learn about, e.g., their beliefs about …
Persistent link: https://www.econbiz.de/10011895939
This study experimentally investigates the role of two-sided cheap talk in decisions under asymmetric information. Unlike previous studies, our study also considers endogenous investment timing. In our experiments, subjects play two-player global games with asymmetric information. Before making...
Persistent link: https://www.econbiz.de/10012849211