Abstract
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.
Original language | English |
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Peer-reviewed scientific journal | Games and Economic Behavior |
Volume | 107 |
Pages (from-to) | 153-181 |
Number of pages | 29 |
ISSN | 0899-8256 |
DOIs | |
Publication status | Published - 01.01.2018 |
MoE publication type | A1 Journal article - refereed |
Keywords
- 511 Economics
- Cheap talk
- Pre-play communication
- Noncooperative game theory