Cheap Talking in Games with Incomplete Information
The paper studies Bayesian Games which are extended by adding pre-play communication. Let T be a Bayesian game with three or more players. The main result is that if players can send private messages to each other and make public announcements then every communication equilibrium outcome, q, that is rational (i.e. involves probabilities which are rational numbers), can be implemented in a sequential equilibrium of a cheap talk extension of T, provided that the following condition is satisfied: there exists a Bayesian Nash equilibrium s in T such that for each type ot ti of each player i the expected payoff to ti in q is larger than the expected payoff of ti in s.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||2000|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://econ.tau.ac.il/research/foerder.aspEmail:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:teavfo:2000-8. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.