{"title":"Does communication increase the precision of beliefs?","authors":"Lisa Bruttel, Vasilisa Werner","doi":"10.1016/j.econlet.2024.112032","DOIUrl":null,"url":null,"abstract":"<div><div>This paper explores one channel in which communication facilitates cooperation — belief precision. A prisoner’s dilemma experiment shows that communication not only promotes optimism about the partner’s cooperation but also increases the precision of this belief, thereby reducing strategic uncertainty.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"244 ","pages":"Article 112032"},"PeriodicalIF":2.1000,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165176524005160","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This paper explores one channel in which communication facilitates cooperation — belief precision. A prisoner’s dilemma experiment shows that communication not only promotes optimism about the partner’s cooperation but also increases the precision of this belief, thereby reducing strategic uncertainty.
期刊介绍:
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.