Journal ArticleDOI
Communication with evidence in the lab
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This experiment relies on a graphical representation of sender's incentives in these games, and permits partial disclosure, and is largely consistent with a non-equilibrium model of strategic thinking based on the iterated elimination of obviously dominated strategies.About:
This article is published in Games and Economic Behavior.The article was published on 2018-11-01. It has received 21 citations till now. The article focuses on the topics: Graph (abstract data type) & Directed acyclic graph.read more
Citations
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Behavioral Game Theory: Experiments in Strategic Interaction
TL;DR: The book describes experiments in Strategic Interaction using game theory as a guide to solving social problems.
Journal ArticleDOI
Is No News (Perceived As) Bad News? An Experimental Investigation of Information Disclosure
TL;DR: This article used laboratory experiments to directly test a central prediction of disclosure theory: that market forces can lead businesses to voluntarily provide information about the quality of their products, and they found that receivers are insufficiently skeptical about non-disclosed information, and as a consequence, senders do not always disclose their private information.
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Competition over Cursed Consumers
TL;DR: In this paper, the authors model firms' quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently skeptical about undisclosed quality, and show that neither competition nor the existence of sophisticated consumers necessarily protect cursed consumers from being exploited.
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Strategic reasoning in persuasion games: An experiment
Ying Xue Li,Burkhard C. Schipper +1 more
TL;DR: While iterative admissibility implies that the level of reasoning required for unraveling is increasing in the number of quality levels, it is found that there is only insignificantly more unraveling in a game with two quality levels compared to agame with four quality levels.
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Strategic feedback in teams: Theory and experimental evidence
TL;DR: This work theoretically and experimentally analyze public and private feedback in teams that are characterized by different performance technologies and finds that if team performance is determined by the best performer (the “best-shot technology”), then both public andPrivate feedback are better than no feedback unless the team is composed of all low performers, in which case no feedback is best.
References
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Book
Behavioral Game Theory: Experiments in Strategic Interaction
TL;DR: The first substantial and authoritative effort to close this gap was made by Camerer, who used psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations as discussed by the authors.
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Strategic Information Transmission
Vincent P. Crawford,Joel Sobel +1 more
TL;DR: In this article, the authors developed a model of strategic communication in which a better-informed Sender (S) sends a possibly noisy signal to a Receiver (R), who then takes an action that determines the welfare of both.
Journal ArticleDOI
Good News and Bad News: Representation Theorems and Applications
TL;DR: In this article, a notion of "favorableness" of news is introduced, characterized, and applied to four simple models: the arrival of good news about a firm's prospects always causes its share price to rise, more favorable evidence about an agent's effort leads the principal to pay a larger bonus, buyers expect that any product information withheld by a salesman is unfavorable to his product, and bidders figure that low bids by their competitors signal a low value for the object being sold.
Journal ArticleDOI
Strategic information transmission
Vincent P. Crawford,Joel Sobel +1 more
TL;DR: In this article, the authors developed a model of strategic communication in which a better-informed Sender (S) sends a possibly noisy signal to a Receiver (R), who then takes an action that determines the welfare of both.
Journal ArticleDOI
The Informational Role of Warranties and Private Disclosure about Product Quality
TL;DR: The Informational Role of Warranties and Private Disclosure about Product Quality Author(s): Sanford J. Grossman Source: Journal of Law and Economics, Vol. 24, No. 3, Consumer Protection Regulation: A Conference Sponsored by the Center for the Study of the Economy and the State (Dec., 1981), pp. 461-483 as mentioned in this paper