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Long Cheap Talk

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Author Info

  • Robert J. Aumann

    ()

  • Sergiu Hart

    ()

Abstract

With cheap talk, more can be achieved by long conversations than by a single message - even when one side is strictly better informed than the other.

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File URL: http://www.ma.huji.ac.il/~hart/papers/long.pdf
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Bibliographic Info

Paper provided by The Center for the Study of Rationality, Hebrew University, Jerusalem in its series Discussion Paper Series with number dp284.

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Length: 59 pages
Date of creation: Feb 2002
Date of revision: Nov 2002
Publication status: Published in Econometrica, 2003, vol. 71, pp. 1619-1660.
Handle: RePEc:huj:dispap:dp284

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Related research

Keywords: cheap talk; communication; long conversation; incomplete information; game theory; signalling; joint lottery; dimartingale; di-span;

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References

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  1. A. Blume & Y. G. Kim & J. Sobel, 2010. "Evolutionary Stability in Games of Communication," Levine's Working Paper Archive 530, David K. Levine.
  2. Jerry R. Green & Nancy L. Stokey, 1980. "A Two-Person Game of Information Transmission," Discussion Papers 418, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  3. Joseph Farrell., 1986. "Meaning and Credibility in Cheap-Talk Games," Economics Working Papers 8609, University of California at Berkeley.
  4. Crawford, Vincent P & Sobel, Joel, 1982. "Strategic Information Transmission," Econometrica, Econometric Society, vol. 50(6), pages 1431-51, November.
  5. FORGES, Françoise, . "Equilibria with communication in a job market example," CORE Discussion Papers RP -885, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  6. Zapater, Inigo, 1997. "Credible Proposals in Communication Games," Journal of Economic Theory, Elsevier, vol. 72(1), pages 173-197, January.
  7. Ehud Lehrer & Sylvain Sorin, 1994. "One-Shot Public Mediated Talk," Discussion Papers 1108, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  8. Simon, Robert Samuel, 2002. "Separation of joint plan equilibrium payoffs from the min-max functions," Games and Economic Behavior, Elsevier, vol. 41(1), pages 79-102, October.
  9. Baliga, Sandeep & Morris, Stephen, 2002. "Co-ordination, Spillovers, and Cheap Talk," Journal of Economic Theory, Elsevier, vol. 105(2), pages 450-468, August.
  10. Blume, A. & Sobel, J., 1991. "Communication-Proof Equilibria in Cheap-Talk Games," Working Papers 91-27, University of Iowa, Department of Economics.
  11. AUMANN, Robert J., . "Subjectivity and correlation in randomized strategies," CORE Discussion Papers RP -167, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  12. Sandeep Baliga & Tomas Sjostrom, 2001. "Arms Races and Negotiations," Levine's Working Paper Archive 391749000000000005, David K. Levine.
  13. Rabin, Matthew & Sobel, Joel, 1993. "Deviations, Dynamics and Equilibrium Refinements," Department of Economics, Working Paper Series qt40s882v6, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  14. FORGES, Françoise, . "Repeated games of incomplete information: Non-zero sum," CORE Discussion Papers RP -1012, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  15. Robson, A.J., 1989. "Efficiency In Evolutionary Games: Darwin, Nash And Secret Handshake," Papers 89-22, Michigan - Center for Research on Economic & Social Theory.
  16. Abhijit Banerjee & J�rgen W. Weibull, . "Neutrally Stable Outcomes in Cheap Talk Coordination Games," ELSE working papers 012, ESRC Centre on Economics Learning and Social Evolution.
  17. Myerson, Roger B., 1994. "Communication, correlated equilibria and incentive compatibility," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 24, pages 827-847 Elsevier.
  18. Gerardi, Dino, 2004. "Unmediated communication in games with complete and incomplete information," Journal of Economic Theory, Elsevier, vol. 114(1), pages 104-131, January.
  19. Ben-Porath, Elchanan, 1998. "Correlation without Mediation: Expanding the Set of Equilibrium Outcomes by "Cheap" Pre-play Procedures," Journal of Economic Theory, Elsevier, vol. 80(1), pages 108-122, May.
  20. Marco Battaglini, 1999. "Multiple Referrals and Multidimensional Cheap Talk," Discussion Papers 1295, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  21. Matthews, Steven A. & Okuno-Fujiwara, Masahiro & Postlewaite, Andrew, 1991. "Refining cheap-talk equilibria," Journal of Economic Theory, Elsevier, vol. 55(2), pages 247-273, December.
  22. FORGES, Françoise, . "Universal mechanisms," CORE Discussion Papers RP -914, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  23. M. Rabin, 2010. "Communication Between Rational Agents," Levine's Working Paper Archive 539, David K. Levine.
  24. Joseph Farrell & Matthew Rabin, 1996. "Cheap Talk," Journal of Economic Perspectives, American Economic Association, vol. 10(3), pages 103-118, Summer.
  25. Mertens, J.-F., 1986. "Repeated games," CORE Discussion Papers 1986024, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  26. Warneryd Karl, 1993. "Cheap Talk, Coordination, and Evolutionary Stability," Games and Economic Behavior, Elsevier, vol. 5(4), pages 532-546, October.
  27. HART, Sergiu, . "Nonzerosum two-person repeated games with incomplete information," CORE Discussion Papers RP -636, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. “Long Cheap Talk,” R. Aumann & S. Hart (2003)
    by afinetheorem in A Fine Theorem on 2013-02-11 10:49:00
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