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Refining cheap-talk equilibria

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  • Matthews, Steven A.
  • Okuno-Fujiwara, Masahiro
  • Postlewaite, Andrew

Abstract

Several conceptual points are made concerning communication in games of asymmetric information. Equilibrium refinements of Sender-Receiver cheap-talk games that are based on he concept of a putative equilibrium, and which rely on the presence of a rich language with literal meanings, are discussed. Three nested criteria are proposed: strong announcement-proofness, announcement-proofness, and weak announcement-proofness.
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Suggested Citation

  • 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.
    • Handle: RePEc:eee:jetheo:v:55:y:1991:i:2:p:247-273
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