Lecture 24: Cheap Talk

MIT 14.12 Economic Applications of Game Theory, Fall 2025 Instructor: Ian Ball View the complete course: https://ocw.mit.edu/courses/14-12-economic-applications-of-game-theory-fall-2025/ YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63quuKvMHCt3cmTmt0O2qpv In this lecture, Ian Ball discusses cheap talk, which is a communication framework between players where messages do not directly affect the payoffs of the game. Providing and receiving information is free. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.