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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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  1. 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.
  2. 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.
  3. Costa-Gomes, Miguel & Crawford, Vincent P & Broseta, Bruno, 2001. "Cognition and Behavior in Normal-Form Games: An Experimental Study," Econometrica, Econometric Society, vol. 69(5), pages 1193-1235, September.
  4. Santiago Sanchez-Pages & Marc Vorsatz, 2007. "Enjoy the Silence: An Experiment on Truth-Telling," ESE Discussion Papers 155, Edinburgh School of Economics, University of Edinburgh.
  5. Marco Ottaviani & Francesco Squintani, 2002. "Non-Fully Strategic Information Transmission," Wallis Working Papers WP29, University of Rochester - Wallis Institute of Political Economy.
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  7. Santiago Sanchez-Pages & Marc Vorsatz, 2004. "An Experimental Study of Truth-Telling in a Sender-Receiver Game," ESE Discussion Papers 128, Edinburgh School of Economics, University of Edinburgh.
  8. Massimiliano Landi & Domenico Colucci, 2005. "Rational and boundedly rational behavior in sender-receiver games," Working Papers 14-2006, Singapore Management University, School of Economics, revised May 2006.
  9. Cai, Hongbin & Wang, Joseph Tao-Yi, 2006. "Overcommunication in strategic information transmission games," Games and Economic Behavior, Elsevier, vol. 56(1), pages 7-36, July.
  10. Uri Gneezy, 2005. "Deception: The Role of Consequences," American Economic Review, American Economic Association, vol. 95(1), pages 384-394, March.
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  12. Peeters, Ronald & Vorsatz, Marc & Walzl, Markus, 2008. "Rewards in an experimental sender-receiver game," Economics Letters, Elsevier, vol. 101(2), pages 148-150, November.
  13. Fiorina, Morris P, 1987. "Comment: Alternative Rationales for Restrictive Procedures [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 337-43, Fall.
  14. Richard Mckelvey & Thomas Palfrey, 1998. "Quantal Response Equilibria for Extensive Form Games," Experimental Economics, Springer, vol. 1(1), pages 9-41, June.
  15. Jordi Blanes, 2003. "Credibility and Cheap Talk of Securities Analysts:Theory and Evidence," FMG Discussion Papers dp472, Financial Markets Group.
  16. Botond Kdszegi, 2006. "Emotional Agency," The Quarterly Journal of Economics, MIT Press, vol. 121(1), pages 121-155, 02.
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