Cheap Talk With Transparent Motives
研究了发送者偏好与状态无关的廉价谈话模型,发现发送者通过降低自利信息获得可信度,并分析了沟通收益、承诺价值及最优均衡。
We study a model of cheap talk with one substantive assumption: The sender's preferences are state independent. Our main observation is that such a sender gains credibility by degrading self‐serving information. Using this observation, we examine the sender's benefits from communication, assess the value of commitment, and explicitly solve for sender‐optimal equilibria in three examples. A key result is a geometric characterization of the value of cheap talk, described by the quasi concave envelope of the sender's value function.