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| Authoritative: http://dx.doi.org/10.1006/game.1993.1030 (Publisher's PDF... likely be available here.) |
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Abstract
Asymmetric information games where the informed player can send a costless message (sender–receiver games) typically have equilibria where meaningful communication occurs. We therefore know such `cheap talk' can matter. Still, even when there is no conflict of interest, there are also equilibria where no information transmission occurs. This paper shows that for a class of games with perfectly coinciding interests modeled as asymmetric contests, where players are unsure of which role they will have, only meaningful communication is evolutionarily stable.BibTex
@article{warneryd93cheapTalk,
author={Karl Warneryd},
title={Cheap talk, coordination, and evolutionary stability},
journal={Games and Economic Behavior},
year={1993},
volume={5},
number={4},
pages={532-546},
doi={10.1006/game.1993.1030},
url={http://www.isrl.uiuc.edu/~amag/langev/paper/warneryd93cheapTalk.html}
}