Cognitive Science Colloquium Lecture – 'Mediated Talk: An Experiment'
This lecture is part of the Cognitive Science Colloquium Series, presented by the University of Arizona Cognitive Science Program.
Speaker: Andreas Blume, McClelland Professor of Economics, Head, Department of Economics, University of Arizona
Lecture title: "Mediated Talk: An Experiment"
Abstract: Theory suggests that mediation has the potential to improve information sharing. This lecture will experimentally investigate whether and how this potential can be realized. We believe that mediation encourages players to use separating strategies. Behavior gravitates toward pooling with direct talk and toward separation with mediated talk. This difference in behavior translates into a moderate payoff advantage of mediated talk over direct talk.
There are systematic departures from the equilibrium prediction, characterized by over-communication by senders in the initial rounds of direct talk, stable under-communication by senders under mediated talk, and over-interpretation by receivers under both direct and mediated talk.