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- W3124673804 abstract "We present experimental evidence on nonbinding, preplay communication in bilateral coordination games. To evaluate the effect of cheap talk, we consider two communication structures (one-way and two-way communication) and two types of coordination games (one with a cooperative strategy and a second in which one strategy is less risky). In games with a cooperative strategy, one-way communication increases play of the Pareto-dominant equilibrium relative to the no communication baseline; two-way communication does not always decrease the frequency of coordination failures. In the second type of game, two-way communication always leads to the Pareto-dominant Nash equilibrium, while one-way communication does not." @default.
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- W3124673804 date "1989-01-01" @default.
- W3124673804 modified "2023-09-27" @default.
- W3124673804 title "COMMUNICATION IN COORDINATION GAMES" @default.
- W3124673804 hasPublicationYear "1989" @default.
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