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  • 标题:An Experimental Study of Credible Deviations and ACDC
  • 本地全文:下载
  • 作者:De Groot Ruiz ; Adrian ; Theo Offerman
  • 期刊名称:CREED Working Papers / Center for Research in Experimental Economics and Political Decision-Making
  • 出版年度:2014
  • 出版社:Amsterdam
  • 摘要:We test the Average Credible Deviation Criterion (ACDC), a stabilitymeasure and refinement for cheap talk equilibria introduced in De GrootRuiz, Offerman & Onderstal (2012a). ACDC has been shown to bepredictive under general conditions and to organize data well in previousexperiments meant to test other concepts. In a new experimental setting,we provide the first systematic test of whether and to which degree credibledeviations matter for the stability of cheap talk equilibria. Our principalexperimental result is that in a setting where existing concepts are silent,credible deviations matter and matter gradually, as predicted by ACDC.
  • 关键词:Cheap Talk; Refinement; Selection; Experiment; Neologism;Proofness; Announcement Proofness; ACDC
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