Credible Neologisms in Games of Communication
نویسندگان
چکیده
منابع مشابه
Cheap Talk, Neologisms, and Bargaining
This paper shows that in some bargaining games, cheap talk must matter: the unique neologism-proof equilibrium involves informative talk. A simple tradeoff makes both equilibrium talk and neologisms credible: by saying that he is interested in trading, the buyer encourages the seller to continue to bargain but receives poorer terms of trade if trade occurs. All tj^pes of both parties are (weakl...
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Games with multiple Nash equilibria are believed to be easier to play if players can communicate. We present a simple model of communication in games and investigate the importance of when communication takes place. Sending a message before play captures talk about intentions, after play captures talk about past commitments. We focus on equilibria where messages are believed whenever possible. ...
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تاریخ انتشار 2011