Experimental Economics and Game Theory Seminar for August 31

Events, Seminars | August 24, 2018

Join us for the first ICES Seminar in Experimental Economics and Game Theory of the Fall 2018 semester, featuring Indrajit Ray.

Prof. Ray, of Cardiff University, will discuss his paper Truthful Cheap Talk: Theory and Experiment (Abstract). The talk will take place on Friday, August 31st, from 4:00 to 5:00pm in room 5183 of Vernon Smith Hall (formerly Metropolitan Building), Arlington campus.
Visit the Seminar schedule to access the paper and to learn more about upcoming speakers.

Abstract

We consider an experiment with a version of the Battle of the Sexes game with two-sided private information, allowing a possible round of either one-way or two-way cheap talk before the game is played. We compare different treatments to study truthful revelation of information and subsequent payoffs from the game. We find that the players are overall truthful about their types in the cheap-talk phase in both one-way or two-way talk. Furthermore, the unique symmetric cheap-talk equilibrium in the two-way cheap talk game is played when the players fully reveal their information; however, they achieve higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination.

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