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• W830690287 abstract "In this paper we experimentally test strategic information transmission between one informed and two uninformed agents in a cheap-talk game. We find evidence of the disciplining effect of public communication as compared to private; however, it is much weaker than predicted by the theory. Adding a second receiver naturally increases the complexity of strategic thinking when communication is public. Using the level-k model, we exploit the within subject design to show how individuals decrease their level-k in public communication. Surprisingly, we find that individuals become more sophisticated when they communicate privately with two receivers rather than one. JEL Classification: C72; C92; D83." @default.
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• W830690287 date "2013-01-01" @default.
• W830690287 modified "2023-10-17" @default.
• W830690287 title "13-32 Cheap Talk with Two Audiences: An Experiment" @default.
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