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- Cheap_talk abstract "In game theory, cheap talk is communication between players which does not directly affect the payoffs of the game. Providing and receiving information is free. This is in contrast to signaling in which sending certain messages may be costly for the sender depending on the state of the world.One actor has information and the other has ability to act. The informed player can choose strategically what to say and what not to say. Things become interesting when the interests of the players are not aligned.The classic example is of an expert (say, ecological) trying to explain the state of the world to an uninformed decision maker (say, politician voting on a deforestation bill). The decision maker, after hearing the report from the expert, must then make a decision which affects the payoffs of both players.This basic setting set by Crawford and Sobel has given rise to a variety of variants.To give a formal definition, cheap talk is communication that is, according to Farrel costless (i.e. there are no out of pocket costs) non-binding (i.e. does not limits strategic choices in any way) unverifiable (i.e. cannot be verified by a third party like a court)so an agent engaging in cheap talk can lie with impunity (but may choose in equilibrium not to do so).".
- Cheap_talk wikiPageID "1385257".
- Cheap_talk wikiPageLength "12919".
- Cheap_talk wikiPageOutDegree "24".
- Cheap_talk wikiPageRevisionID "708003093".
- Cheap_talk wikiPageWikiLink Battle_of_the_sexes_(game_theory).
- Cheap_talk wikiPageWikiLink Biology.
- Cheap_talk wikiPageWikiLink Brian_Skyrms.
- Cheap_talk wikiPageWikiLink Category:Asymmetric_information.
- Cheap_talk wikiPageWikiLink Category:Game_theory.
- Cheap_talk wikiPageWikiLink Coordination_game.
- Cheap_talk wikiPageWikiLink Econometrica.
- Cheap_talk wikiPageWikiLink Evolutionary_game_theory.
- Cheap_talk wikiPageWikiLink Game_theory.
- Cheap_talk wikiPageWikiLink Handicap_principle.
- Cheap_talk wikiPageWikiLink Journal_of_Economic_Perspectives.
- Cheap_talk wikiPageWikiLink Journal_of_Theoretical_Biology.
- Cheap_talk wikiPageWikiLink Matthew_Rabin.
- Cheap_talk wikiPageWikiLink Philosophy_of_Science_(journal).
- Cheap_talk wikiPageWikiLink Prisoners_dilemma.
- Cheap_talk wikiPageWikiLink Screening_game.
- Cheap_talk wikiPageWikiLink Signaling_game.
- Cheap_talk wikiPageWikiLink Signalling_theory.
- Cheap_talk wikiPageWikiLink Small_talk.
- Cheap_talk wikiPageWikiLink Trash-talk.
- Cheap_talk wikiPageWikiLink File:Cheap_talk.png.
- Cheap_talk wikiPageWikiLink File:Crawford_Sobel.png.
- Cheap_talk wikiPageWikiLinkText "Cheap talk".
- Cheap_talk wikiPageWikiLinkText "cheap talk".
- Cheap_talk wikiPageWikiLinkText "conventional (non-handicap)".
- Cheap_talk wikiPageWikiLinkText "conventional signalling".
- Cheap_talk wikiPageWikiLinkText "other communication games".
- Cheap_talk wikiPageUsesTemplate Template:Cite_book.
- Cheap_talk wikiPageUsesTemplate Template:Cite_journal.
- Cheap_talk wikiPageUsesTemplate Template:Game_theory.
- Cheap_talk wikiPageUsesTemplate Template:Reflist.
- Cheap_talk subject Category:Asymmetric_information.
- Cheap_talk subject Category:Game_theory.
- Cheap_talk hypernym Communication.
- Cheap_talk type Agent.
- Cheap_talk type Page.
- Cheap_talk comment "In game theory, cheap talk is communication between players which does not directly affect the payoffs of the game. Providing and receiving information is free. This is in contrast to signaling in which sending certain messages may be costly for the sender depending on the state of the world.One actor has information and the other has ability to act. The informed player can choose strategically what to say and what not to say.".
- Cheap_talk label "Cheap talk".
- Cheap_talk sameAs Q5088884.
- Cheap_talk sameAs Conversation_libre.
- Cheap_talk sameAs דיבור_זול.
- Cheap_talk sameAs チープトーク.
- Cheap_talk sameAs m.04yc7m.
- Cheap_talk sameAs Q5088884.
- Cheap_talk wasDerivedFrom Cheap_talk?oldid=708003093.
- Cheap_talk isPrimaryTopicOf Cheap_talk.