Long cheap talk

被引:134
作者
Aumann, RJ [1 ]
Hart, S
机构
[1] Hebrew Univ Jerusalem, Ctr Rational & Interact Decis Theory, IL-91904 Jerusalem, Israel
[2] Hebrew Univ Jerusalem, Ctr Study Rational, Dept Econ, IL-91904 Jerusalem, Israel
关键词
cheap talk; communication; long conversation; incomplete information; game theory; signalling; joint lottery; dimartingale; di-span;
D O I
10.1111/1468-0262.00465
中图分类号
F [经济];
学科分类号
02 ;
摘要
With cheap talk, more can be achieved by long conversations than by a single message-even when one side is strictly better informed than the other. ("Cheap talk" means plain conversation-unmediated, nonbinding, and payoff-irrelevant.) This work characterizes the equilibrium payoffs for all two-person games in which one side is better informed than the other and cheap talk is permitted.
引用
收藏
页码:1619 / 1660
页数:42
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