Does communication increase the precision of beliefs?

Lisa Bruttel and Vasilisa Werner

Economics Letters, 2024, vol. 244, issue C

Abstract: This paper explores one channel in which communication facilitates cooperation — belief precision. A prisoner’s dilemma experiment shows that communication not only promotes optimism about the partner’s cooperation but also increases the precision of this belief, thereby reducing strategic uncertainty.

Keywords: Prisoner’s dilemma; Communication; Beliefs; Strategic uncertainty; Experiment (search for similar items in EconPapers)
JEL-codes: C92 D83 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524005160

DOI: 10.1016/j.econlet.2024.112032

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