Language, Meaning, and Games: Comment
AbstractDemichelis and Weibull (2008 AER) show that adding lexicographic lying costs to coordination games with cheap talk yields a sharp prediction: only the efficient outcome is evolutionarily stable. I demonstrate that this result is caused by the discontinuity of preferences, rather than by small lying costs per se.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 49375.
Date of creation: 29 Aug 2013
Date of revision:
Lexicographic preferences; evolutionary stability; cheap talk.;
Find related papers by JEL classification:
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-08-31 (All new papers)
- NEP-EVO-2013-08-31 (Evolutionary Economics)
- NEP-GTH-2013-08-31 (Game Theory)
- NEP-HPE-2013-08-31 (History & Philosophy of Economics)
- NEP-MIC-2013-08-31 (Microeconomics)
- NEP-NEU-2013-08-31 (Neuroeconomics)
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