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A suggested interpretation of some experimental results on preplay communication

Costa-Gomes, M.A. (2002) A suggested interpretation of some experimental results on preplay communication. Journal of Economic Theory, 104 (1). pp. 104-136. ISSN 0022-0531

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Abstract

M. Rabin (1994, J. Econ. Theory63, 370–391) proposes a model of behavior in two-person complete-information games with preplay communication, using non-equilibrium notions in the spirit of rationalizability to derive lower bounds on players' expected payoffs when players have unlimited communication opportunities. This paper adapts Rabin's model so that it can be used to analyze the results of the experiments of R. Cooper et al. (1989, Rand J. Econ.20, 568–587) on structured preplay communication in the Battle of the Sexes and the results of the unstructured bargaining experiments of Roth, Malouf, and Murnighan. Adding empirically motivated restrictions that allow the model to predict the payoff effects of changes in bounded communication possibilities like those in the experiments, it is shown that the data from both experiments are generally consistent with Rabin's model, and with the predictions of the extended model. Journal of Economic Literature Classification Numbers: C70, C72, C78, C91.

Item Type: Article
Institution: The University of York
Academic Units: The University of York > Economics and Related Studies (York)
Depositing User: York RAE Import
Date Deposited: 23 Apr 2009 15:14
Last Modified: 23 Apr 2009 15:14
Published Version: http://dx.doi.org/10.1006/jeth.2001.2911
Status: Published
Publisher: Elsevier Science B.V.
Identification Number: 10.1006/jeth.2001.2911
URI: http://eprints.whiterose.ac.uk/id/eprint/6565

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