Valuable Cheap Talk and Equilibrium Selection
Intuitively, we expect that players who are allowed to engage in costless communication before playing a game would be foolish to agree on an inefficient outcome amongst the set of equilibria. At the same time, however, such preplay communication has been suggested as a rationale for expecting Nash...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-08-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/11/3/34 |