Cheap Talk with Two Audiences: An Experiment
نویسندگان
چکیده
منابع مشابه
Cheap Talk with Two Audiences: An Experiment
In this paper we experimentally test strategic information transmission between one informed and two uninformed agents in a cheap-talk game. We find evidence of the "disciplining" effect of public communication as compared to private; however, it is much weaker than predicted by the theory. Adding a second receiver naturally increases the complexity of strategic thinking when communication is p...
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When an informed party can engage in cheap talk with more than one audience, we show how the presence of one audience may either discipline or subvert the speaker's relationship with the other audience. We ask how welfare is affected by public or private disclosure, and predict how much communication will take place. Keyvt^ords. cheap talk, signaling, communication, incentives. Cheap Talk with ...
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We consider a cheap-talk setting that mimics the situation where an incumbent firm (the sender) is endowed with incentives to understate the true size of the market demand to two potential entrants (the receivers). Although our experimental data reveals that the senders' messages convey truthful information and this is picked up by the receivers, this overcommunication (relative to standard the...
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We examine strategic information transmission in a controlled laboratory experiment of a cheap talk game with one sender and multiple receivers. We study the change in equilibrium behavior from the addition of another audience as well as from varying the degree of conflict between the sender’s and receivers’ preferences. We find that, as in cheap talk games with just one receiver, information t...
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We use a two-person 3-stage game to investigate whether people choose to punish or reward another player by sacrificing money to increase or decrease the other person’s payoff. One player sends a message indicating an intended play, which is either favorable or unfavorable to the other player in the game. After the message, the sender and the receiver play a simultaneous 2x2 game. A deceptive m...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2017
ISSN: 1556-5068
DOI: 10.2139/ssrn.3086405