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How does communication affect beliefs in one-shot games with complete information?
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
Number of Authors: 32018 (English)In: Games and Economic Behavior, ISSN 0899-8256, E-ISSN 1090-2473, Vol. 107, p. 153-181Article in journal (Refereed) Published
Abstract [en]

This paper experimentally studies unilateral communication of intentions in eight different two-player one-shot normal form games with complete information. We find that communication is used both to coordinate and to deceive, and that messages have a significant impact on beliefs and behavior even in dominance solvable games. Nash equilibrium and cognitive hierarchy jointly account for many regularities, but not all of the evidence. Sophisticated sender behavior is especially difficult to reconcile with existing models.

Place, publisher, year, edition, pages
2018. Vol. 107, p. 153-181
Keywords [en]
Cheap talk, Pre-play communication, Noncooperative game theory
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-153889DOI: 10.1016/j.geb.2017.11.004ISI: 000423655600009OAI: oai:DiVA.org:su-153889DiVA, id: diva2:1188367
Available from: 2018-03-07 Created: 2018-03-07 Last updated: 2018-03-07Bibliographically approved

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