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Risky shifts as multi-sender signaling

Takakazu Honryo ()

Journal of Economic Theory, 2018, vol. 174, issue C, 273-287

Abstract: This paper addresses the issue of risky shifts by a multi-sender signaling game. Senders compete in making proposals to be adopted by a group, hence they try to signal that they have the ability to correctly observe the state. This paper shows that senders tend to avoid making a moderate proposal, because a moderate proposal signals incompetence. When facing a moderate and a risky proposal, the group tends to adopt the risky one, and we have risky shifts as a result.

Keywords: Signaling game; Risky shifts (search for similar items in EconPapers)
JEL-codes: D82 (search for similar items in EconPapers)
Date: 2018
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