EconPapers    
Economics at your fingertips  
 

Communication is more than information sharing: The role of status-relevant knowledge

Michael Kurschilgen and Isabel Marcin

Games and Economic Behavior, 2019, vol. 113, issue C, 651-672

Abstract: In cheap talk games where senders' accuracy of information depend on their background knowledge, a sender with image concerns may want to signal that she is knowledgeable despite having material incentives to lie. These image benefits may, in turn, depend on the type of knowledge and its perceived social status. Theoretically, we show that when some senders care sufficiently about their image, there is both a non-informative babbling equilibrium, and a separating equilibrium, in which the average sender's message is informative and receivers always follow. In a laboratory experiment, we vary the social status of knowledge (1) by providing senders with multiple-choice questions on either (a) broadsheet topics (general knowledge) or (b) tabloid topics, and (2) by systematically modifying the degree of difficulty. We find truth-telling rates to be significantly higher when senders can signal high-status knowledge.

Keywords: Cheap talk; Communication; Social status; Image utility; Information; Knowledge (search for similar items in EconPapers)
JEL-codes: C92 D02 D72 H41 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0899825618301829
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:113:y:2019:i:c:p:651-672

DOI: 10.1016/j.geb.2018.11.007

Access Statistics for this article

Games and Economic Behavior is currently edited by E. Kalai

More articles in Games and Economic Behavior from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-05-02
Handle: RePEc:eee:gamebe:v:113:y:2019:i:c:p:651-672