Communication With Multiple Senders and Multiple Dimensions: An Experiment
We implement the Battaglini (2002) model of multi-sender-multi-dimension cheap talk in the laboratory, analyzing the effects of sender competition on information transmission. Our results indicate that competing senders provide enough information for close to full revelation, but receiver`s ability to use this information crucially depends on senders` biases. Receivers are close to full extraction when biases identify an ex-ante trustworthy sender. When there is no ex-ante trustworthy source, fully exploiting sent messages requires information to be inferred across dimensions. However, receivers seem to treat dimensions as separate choices, and are much closer to best-responding within each separate dimension.
|Date of creation:||Apr 2012|
|Date of revision:||Sep 2012|
|Contact details of provider:|| Postal: 4S01 W.W. Posvar hall, 230 Bouquet St, Pittsburgh, PA 15260|
Web page: http://www.econ.pitt.edu/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Marco Ottaviani & Francesco Squintani, 2006. "Naive audience and communication bias," International Journal of Game Theory, Springer, vol. 35(1), pages 129-150, December.
- Richard Mckelvey & Thomas Palfrey, 1998. "Quantal Response Equilibria for Extensive Form Games," Experimental Economics, Springer, vol. 1(1), pages 9-41, June.
- Takahashi, Satoru & Ambrus, Attila, 2008.
"Multi-Sender Cheap Talk with Restricted State Spaces,"
3200263, Harvard University Department of Economics.
- Ambrus, Attila & Takahashi, Satoru, 2008. "Multi-sender cheap talk with restricted state spaces," Theoretical Economics, Econometric Society, vol. 3(1), March.
- Asen Ivanov & Dan Levin & Muriel Niederle, 2010.
"Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study,"
Econometric Society, vol. 78(4), pages 1435-1452, 07.
- Asen Ivanov & Dan Levin & Muriel Niederle, . "Can Relaxation of Beliefs Rationalize the Winner’s Curse?: An Experimental Study," Working Papers 0803, VCU School of Business, Department of Economics.
- Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer, vol. 10(2), pages 171-178, June.
- Ignacio Esponda, 2008. "Behavioral Equilibrium in Economies with Adverse Selection," American Economic Review, American Economic Association, vol. 98(4), pages 1269-91, September.
- Archishman Chakraborty & Rick Harbaugh, 2010.
"Persuasion by Cheap Talk,"
American Economic Review,
American Economic Association, vol. 100(5), pages 2361-82, December.
- Levy, Gilat & Razin, Ronny, 2004.
"Multidimensional Cheap Talk,"
CEPR Discussion Papers
4393, C.E.P.R. Discussion Papers.
- Vincent P. Crawford & Miguel A. Costa-Gomes & Nagore Iriberri, 2010. "Strategic Thinking," Levine's Working Paper Archive 661465000000001148, David K. Levine.
- Kartik, Navin & Ottaviani, Marco & Squintani, Francesco, 2007. "Credulity, lies, and costly talk," Journal of Economic Theory, Elsevier, vol. 134(1), pages 93-116, May.
When requesting a correction, please mention this item's handle: RePEc:pit:wpaper:461. 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: (Alistair Wilson)
If references are entirely missing, you can add them using this form.