“I'm just a soul whose intentions are good”: The role of communication in noisy repeated games
Antonio A. Arechar,
Anna Dreber,
Drew Fudenberg and
David G. Rand
Games and Economic Behavior, 2017, vol. 104, issue C, 726-743
Abstract:
We let participants indicate their intended action in a repeated game experiment where actions are implemented with errors. Even though communication is cheap talk, we find that the majority of messages were honest (although the majority of participants lied at least occasionally). As a result, communication has a positive effect on cooperation when the payoff matrix makes the returns to cooperation high; when the payoff matrix gives a lower return to cooperation, communication reduces overall cooperation. These results suggest that cheap talk communication can promote cooperation in repeated games, but only when there is already a self-interested motivation to cooperate.
Keywords: Cooperation; Communication; Prisoner's dilemma; Repeated games; Intentions (search for similar items in EconPapers)
JEL-codes: C7 C9 D00 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:104:y:2017:i:c:p:726-743
DOI: 10.1016/j.geb.2017.06.013
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