Showing 1 - 10 of 40
We experimentally study optional costly communication in Stag-Hunt games. Prior research demonstrates that efficient … coordination is difficult without a communication option but obtains regularly with mandatory costless pre-play messages. We find … that even small communication costs dramatically reduce message use when communication is optional, but efficient …
Persistent link: https://www.econbiz.de/10011492032
We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …
Persistent link: https://www.econbiz.de/10010402605
Persistent link: https://www.econbiz.de/10012703332
We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …
Persistent link: https://www.econbiz.de/10009358877
This paper shows that the efficiency bound for communication equilibria identified by Goltsman et al. (2009) in the …
Persistent link: https://www.econbiz.de/10011049785
We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … it possible to achieve the best payoff that can be obtained by means of any communication device. As in the model without …
Persistent link: https://www.econbiz.de/10011599393
We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …
Persistent link: https://www.econbiz.de/10011282459
We examine the possibilities for communication between agents with divergent preferences in a noisy environment. Taking … Crawford and Sobel’s [4] (noiseless) communication game as a reference point, we study a model in which there is a probability … actions. Surprisingly, the possibility of error can improve the prospects for communication. We show that for small noise …
Persistent link: https://www.econbiz.de/10005750745
We analyze simple adaptive learning processes to model the evolution of effective communication in cheap-talk games … messages is deliberate experimentation, then more information is not detrimental to communication. …
Persistent link: https://www.econbiz.de/10005755343
We experimentally study optional costly communication in Stag-Hunt games. Prior research demonstrates that efficient … coordination is difficult without a communication option but obtains regularly with mandatory costless pre-play messages. We find … that even small communication costs dramatically reduce message use when communication is optional, but efficient …
Persistent link: https://www.econbiz.de/10011522458