Miscommunication in an investment game with one-way messages
Giovanni Di Bartolomeo () and
Stefano Papa ()
wp.comunite from Department of Communication, University of Teramo
This paper aims to study the effects of free-form messages (cheap talk) in an investment game as Berg et al. (1995). We guess that messages matter, but they may not affect the outcomes on average because different outcomes of communication can be systematically misunderstood generating different effects that offset each other. Considering a non-binary choice game, where misunderstandings are more likely to be observed, we test our intuition in two steps. First, we classify messages by their contents and then we verify their impact on participants’ behavior accordingly to their kind.
Keywords: Trust; reciprocity; promises; requests; empty talk (search for similar items in EconPapers)
JEL-codes: D03 C91 D83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-gth, nep-hpe and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:ter:wpaper:00123
Access Statistics for this paper
More papers in wp.comunite from Department of Communication, University of Teramo
Series data maintained by Giovanni Di Bartolomeo ().