In this paper we analyze a cheap-talk model with a partially informed receiver. In clear contrast to the previous literature, we find that there is a case where the receiver's prior knowledge enhances ...

We study cheap talk by firms and responses by their consumers, focusing on unverifiable promises of charitable donations on eBay during 2005–2006. Cheap talk listings have lower sales probabilities ...

After months of cheap talk about race hating white police officers and a broken justice system, two New York City police offices paid the cost with their lives. These officers were not “overreacting” ...

Next time you listen to a CEO talk about his or her company, play close attention to whether the person is being unusually optimistic or pessimistic. This sentiment can give you a good indication ...

WEST LAFAYETTE, Ind. – The time period between Thanksgiving and Christmas is characterized by overindulgence. While we tell others that we are eating and drinking in moderation, controlling our ...

From a young age, we all learn the universal value of genuinely saying “thank you.” Every kid also learns the paramount importance of being able to swallow your pride and apologize by genuinely saying ...

Danielle Smith’s government has an unorthodox approach to public policy. Unlike other governments who telegraph their policy agenda through their election platforms, Smith has made a habit of keeping ...

In life, talk is cheap, and commitment and results matter. That’s a lesson with relevance in the world of environmental, social, and governance (ESG) investing. That is to say, it’s easy for companies ...

The Inciter-in-Chief has outdone himself. In an interview with the Times of London and Germany's Bild published a few days ago, Donald Trump called NATO "obsolete," described the European Union as a ...