منابع مشابه
Reputational cheap talk∗
This paper analyzes information reporting by a privately informed expert concerned about being perceived to have accurate information. When the expert’s reputation is updated on the basis of the report as well as the realized state, the expert typically does not wish to truthfully reveal the signal observed. The incentives to deviate from truthtelling are characterized and shown to depend on th...
متن کاملReputational cheap talk with misunderstanding
We consider a cheap talk game with a sender who has a reputational concern for an ability to predict a state of the world correctly, and where receivers may misunderstand the message sent. When communication between the sender and each receiver is private, we identify an equilibrium in which the sender only discloses the least noisy information. Hence, what determines the amount of information ...
متن کاملSupplementary Material on Reputational Cheap Talk
In Ottaviani and Sørensen, henceforth OS, (2004b), we have formulated a model of strategic communication by an expert concerned about being perceived to be well informed. In that model, the expert observes a private signal informative about the state of the world. The amount of information about the state contained in this signal is parametrized by the expert's ability, assumed for simplicity t...
متن کاملSelecting Cheap-talk Equilibria Selecting Cheap-talk Equilibria
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متن کاملSelecting Cheap-Talk Equilibria∗
There are typically multiple equilibrium outcomes in the Crawford-Sobel (CS) model of strategic information transmission. This paper identifies a simple condition on equilibrium payoffs, called NITS, that selects among CS equilibria. Under a commonly used regularity condition, only the equilibrium with the maximal number of induced actions satisfies NITS. We discuss various justifications for N...
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2006
ISSN: 0741-6261,1756-2171
DOI: 10.1111/j.1756-2171.2006.tb00010.x