CFDP 1203

Cheap Talk and Co-ordination with Payoff Uncertainty

Author(s): 

Publication Date: December 1998

Pages: 19

Abstract: 

Two players seek to co-ordinate their behavior in an incomplete information setting. We show that if each player’s preferences over his opponent’s action is independent of his own action or type, then cheap talk cannot expand the set of equilibrium outcomes.

See CFP: 1043