Developing a Reputation for Reticence
A sender who has disclosable information with probability less than one may partially conceal bad news by choosing to withhold information and pooling with uninformed types. The success of this strategy depends on receivers' beliefs about the probability that the sender has disclosable news. In...
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| Format: | Article |
| Language: | English |
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John Wiley & Sons, Inc.,
2011-08-25T18:18:51Z.
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| Online Access: | Get fulltext |