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| Authoritative: http://dx.doi.org/10.1006/game.1993.1029 (Publisher's PDF... likely be available here.) |
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Abstract
I define neologism-proofness, a refinement of perfect Bayesian equilibrium in cheap-talk games. It applies when players have a preexisting common language, so that an unexpected message's literal meaning is clear, and only credibility restricts communication. I show that certain implausible equilibria are not neologism-proof; in some games, no equilibrium is.BibTex
@article{farrell93meaningAnd,
author={Joseph Farrell},
title={Meaning and credibility in cheap-talk games},
journal={Games and Economic Behavior},
year={1993},
volume={5},
number={4},
pages={514-31},
doi={10.1006/game.1993.1029},
url={http://www.isrl.uiuc.edu/~amag/langev/paper/farrell93meaningAnd.html}
}