Cheap Talk

question 11

Multiple Choice

Cheap talk

• A)has no bearing on games; only "real" actions matter.
• B)can transmit information in certain equilibria,but only if players' interests are sufficiently distinct.
• C)can transmit information in certain equilibria,but only if players' incentives are sufficiently aligned.
• D)always leads to the best equilibrium for the "talker".

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Definitions:

Positional Negotiation

A bargaining process where each party takes a specific stance or position and negotiates from that baseline, often leading to a win-lose outcome.

Brainstorming Solutions

A creative problem-solving technique that involves generating a wide range of ideas in a group setting to find a solution to a specific problem.

Conflict Intelligence

The ability to understand and navigate conflicts in a manner that minimizes harm and promotes positive outcomes for all involved parties.

Read Conflict

The ability to identify and understand the underlying issues and emotions in a disagreement or problem.