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Lecture 24: Cheap Talk

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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.

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