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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Pages (from-to) | 153-181 |
Number of pages | 29 |
Journal | Games and Economic Behavior |
Volume | 107 |
DOIs | |
Publication status | Published - 2018 Jan 1 |
Subject classification (UKÄ)
- Economics
Free keywords
- Cheap talk
- Noncooperative game theory
- Pre-play communication