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Game Changer - the game theory podcastAuthor: TWS Partners
In Game Changer, the podcast by TWS Partners, we want to share our enthusiasm and passion for game theory and its applications. We invite guests from business and academia to discuss how they use the power of game theory in their profession to make a difference and to learn some fun anecdotes, useful facts and valuable insights along the way. Join us on this journey, and find out that game theory is much more than a topic for ivory tower discussions. Language: en Genres: Business, Science, Social Sciences Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Cheap talk – Game Theory's insights on communication | with Navin Kartik
Monday, 19 January, 2026
Talk is cheap – literally. But if words cost nothing, why do we ever trust them? In this episode, Yale Professor Navin Kartik breaks down the game theory of communication. We kick things off with the basics: what is the academic definition of "cheap talk", and why does cheap talk sometimes work but other times break down? From there, we transition to Navin's own research, which explores deeper facets of communication. We learn about lying costs and "inflated language": why does a reference letter need to say "excellent" to just mean "competent"? Finally, we dive into topics like pandering (why experts lie to agree with you) and muddled information (why test scores tell you more about gaming skills than natural ability).
