Ambiguous Cheap Talk

• Tác giả: Longjian Li
• Ngôn ngữ: eng
• Ký hiệu phân loại: 491.6631 Celtic languages
• Thông tin xuất bản: 2022
• Bộ sưu tập: Metadata
• ID: 195761

Tóm tắt

This paper explores how ambiguity affects communication. We consider a cheap talk model in which the receiver evaluates the sender's message with respect to its worst-case expected payoff generated by multiplier preferences. We characterize the receiver's optimal strategy and show that the receiver's posterior action is consistent with his ex-ante action. We find that in some situations, ambiguity improves communication by shifting the receiver's optimal action upwards, and these situations are not rare.