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13.06. Micro Theory Seminar: Philippe Jehiel

Micro Theory Seminar with Philippe Jehiel (Paris School of Economics)

Event details
What
  • Micro Theory Seminar
When Jun 13, 2018
from 16:30 to 17:45
Where faculty room
Contact Name Stephan Lauermann
Contact Email
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Topic

Communication with Forgetful Liars

 

Abstract

I consider cheap talk environments in which the informed party sends twice a message about the state and does not remember which message was previously sent in case of lie. I characterize the equilibria with forgetful liars in such settings assuming that the expectation about the past message after a lie coincides with the aggregate distribution of lies over all possible realizations of the states. The approach provides a simple rationale as to why multi-rounds of communication may be helpful at disciplining the informed party to tell the truth and why inconsistency may be harmful.
 
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