TY - JOUR
T1 - Communication, Risk, and Efficiency in Games
AU - Blume, Andreas
N1 - Funding Information:
*I am grateful to Eddie Dekel, Roger Lagunoff, Joel Sobel, Eric van Damme, and two referees for helpful comments and suggestions. I have benefitted from comments by seminar participants at Northwestern University, the Midwest Mathematical Economics Meetings (University of Michigan), and the Econometric Society Winter Meetings (Washington, D.C.). Support by the National Science Foundation under award number SBR-94-10588 is gratefully acknowledged.
PY - 1998/2
Y1 - 1998/2
N2 - This paper uses curb sets to study the evolution of effective pre-play communication in games where a single communication round precedes a simultaneous-move, complete-information game. It is shown that the effectiveness of one-sided pre-play communication is inversely related to risk in the underlying game, and to the size of the message space. If messages have somea prioriinformation content, then multi-sided communication is more effective than one-sided communication; i.e., risk and the size of the message space play no role.Journal of Economic LiteratureClassification Number: C72.
AB - This paper uses curb sets to study the evolution of effective pre-play communication in games where a single communication round precedes a simultaneous-move, complete-information game. It is shown that the effectiveness of one-sided pre-play communication is inversely related to risk in the underlying game, and to the size of the message space. If messages have somea prioriinformation content, then multi-sided communication is more effective than one-sided communication; i.e., risk and the size of the message space play no role.Journal of Economic LiteratureClassification Number: C72.
UR - http://www.scopus.com/inward/record.url?scp=0039572407&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0039572407&partnerID=8YFLogxK
U2 - 10.1006/game.1997.0598
DO - 10.1006/game.1997.0598
M3 - Article
AN - SCOPUS:0039572407
SN - 0899-8256
VL - 22
SP - 171
EP - 202
JO - Games and Economic Behavior
JF - Games and Economic Behavior
IS - 2
ER -