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Truth-telling and Trust in Sender-receiver Games with Intervention

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  • Ismail Saglam

    ()
    (TOBB University of Economics and Technology, Department of Economics)

  • Mehmet Y. Gurdal

    ()
    (TOBB University of Economics and Technology, Department of Economics)

  • Ayca Ozdogan

    ()
    (TOBB University of Economics and Technology, Department of Economics)

Abstract

Recent experimental studies find excessive truth-telling in strategic information transmission games with conflictive preferences. In this paper, we show that this phenomenon is more pronounced in sender-receiver games where a truthful regulator randomly intervenes. We also establish that intervention significantly increases the excessive trust of receivers.

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File URL: http://eaf.ku.edu.tr/sites/eaf.ku.edu.tr/files/erf_wp_1123.pdf
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Bibliographic Info

Paper provided by Koc University-TUSIAD Economic Research Forum in its series Koç University-TUSIAD Economic Research Forum Working Papers with number 1123.

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Length: 32 pages
Date of creation: Sep 2011
Date of revision:
Handle: RePEc:koc:wpaper:1123

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Keywords: Strategic information transmission; truth-telling; trust; sender-receiver game.;

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References

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  1. Nagel, Rosemarie, 1995. "Unraveling in Guessing Games: An Experimental Study," American Economic Review, American Economic Association, vol. 85(5), pages 1313-26, December.
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  8. Sanchez-Pages, Santiago & Vorsatz, Marc, 2007. "An experimental study of truth-telling in a sender-receiver game," Games and Economic Behavior, Elsevier, vol. 61(1), pages 86-112, October.
  9. Crawford, Vincent P & Sobel, Joel, 1982. "Strategic Information Transmission," Econometrica, Econometric Society, vol. 50(6), pages 1431-51, November.
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  12. Massimiliano Landi & Domenico Colucci, 2006. "Rational and Boundedly Rational Behavior in Sender-receiver Games," Development Economics Working Papers 22460, East Asian Bureau of Economic Research.
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  16. Peeters, Ronald & Vorsatz, Marc & Walzl, Markus, 2007. "Rewards in an Experimental Sender-Receiver Game," Research Memorandum 019, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  17. Jordi Blanes, 2003. "Credibility and Cheap Talk of Securities Analysts:Theory and Evidence," FMG Discussion Papers dp472, Financial Markets Group.
  18. Stahl, Dale II & Wilson, Paul W., 1994. "Experimental evidence on players' models of other players," Journal of Economic Behavior & Organization, Elsevier, vol. 25(3), pages 309-327, December.
  19. Marco Ottaviani & Francesco Squintani, 2002. "Non-Fully Strategic Information Transmission," Wallis Working Papers WP29, University of Rochester - Wallis Institute of Political Economy.
  20. Gilligan, Thomas W & Krehbiel, Keith, 1987. "Collective Decisionmaking and Standing Committees: An Informational Rationale for Restrictive Amendment Procedures," Journal of Law, Economics and Organization, Oxford University Press, vol. 3(2), pages 287-335, Fall.
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Cited by:
  1. Gurdal, Mehmet Y. & Ozdogan, Ayca & Saglam, Ismail, 2013. "Cheap talk with simultaneous versus sequential messages," MPRA Paper 45727, University Library of Munich, Germany.

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