scholarly journals Equilibrium Selection in Cheap Talk Games: ACDC Rocks When Other Criteria Remain Silent

Author(s):  
Adrian de Groot Ruiz ◽  
T. J. S. Offerman ◽  
Sander Onderstal
2015 ◽  
Vol 91 ◽  
pp. 14-25 ◽  
Author(s):  
Adrian de Groot Ruiz ◽  
Theo Offerman ◽  
Sander Onderstal

2018 ◽  
Vol 5 (4) ◽  
pp. 180027 ◽  
Author(s):  
Pouria Ramazi ◽  
James Riehl ◽  
Ming Cao

To better understand the intriguing mechanisms behind cooperation among decision-making individuals, we study the simple yet appealing use of preplay communication or cheap talk in evolutionary games, when players are able to choose strategies based on whether an opponent sends the same message as they do. So when playing games, in addition to pure cooperation and defection, players have two new strategies in this setting: homophilic (respectively, heterophilic) cooperation which is to cooperate (respectively, defect) only with those who send the same message as they do. We reveal the intrinsic qualities of individuals playing the two strategies and show that under the replicator dynamics, homophilic cooperators engage in a battle of messages and will become dominated by whichever message is the most prevalent at the start, while populations of heterophilic cooperators exhibit a more harmonious behaviour, converging to a state of maximal diversity. Then we take Prisoner’s Dilemma (PD) as the base of the cheap-talk game and show that the hostility of heterophilics to individuals with similar messages leaves no possibility for pure cooperators to survive in a population of the two, whereas the one-message dominance of homophilics allows for pure cooperators with the same tag as the dominant homophilics to coexist in the population, demonstrating that homophilics are more cooperative than heterophilics. Finally, we generalize an existing convergence result on population shares associated with weakly dominated strategies to a broadly applicable theorem and complete previous research on PD games with preplay communication by proving that the frequencies of all types of cooperators, i.e. pure, homophilic and heterophilic, converge to zero in the face of defectors. This implies homophily and heterophily cannot facilitate the long-term survival of cooperation in this setting, which urges studying cheap-talk games under other reproduction dynamics.


Games ◽  
2020 ◽  
Vol 11 (3) ◽  
pp. 34 ◽  
Author(s):  
Julian Jamison

Intuitively, we expect that players who are allowed to engage in costless communication before playing a game would be foolish to agree on an inefficient outcome amongst the set of equilibria. At the same time, however, such preplay communication has been suggested as a rationale for expecting Nash equilibria in general. This paper presents a plausible formal model of cheap talk that distinguishes and resolves these possibilities. Players are assumed to have an unlimited opportunity to send messages before playing an arbitrary game. Using an extension of fictitious play beliefs, minimal assumptions are made concerning which messages about future actions are credible and hence contribute to final beliefs. In this environment, it is shown that meaningful communication among players leads to a Nash equilibrium (NE) of the action game. Within the set of NE, efficiency then turns out to be a consequence of imposing optimality on the cheap talk portion of the extended game. This finding contrasts with previous “babbling” results.


1993 ◽  
Vol 5 (4) ◽  
pp. 514-531 ◽  
Author(s):  
Joseph Farrell
Keyword(s):  

1995 ◽  
Vol 65 (2) ◽  
pp. 359-382 ◽  
Author(s):  
Andreas Blume ◽  
Joel Sobel
Keyword(s):  

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