{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Cheap talk \u2013 Game Theory\u2019s insights on communication | with Navin Kartik","description":"Talk is cheap \u2013 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 \u201ccheap talk\u201d, and why does cheap talk sometimes work but other times break down? From there, we transition to Navin\u2019s own research, which explores deeper facets of communication. We learn about lying costs and &quot;inflated language\u201d: why does a reference letter need to say \u201cexcellent\u201d to just mean \u201ccompetent\u201d? Finally, we dive into topics like&amp;nbsp;pandering&amp;nbsp;(why experts lie to agree with you) and&amp;nbsp;muddled information&amp;nbsp;(why test scores tell you more about gaming skills than natural ability). ","author_name":"Game Changer - the game theory podcast","author_url":"http:\/\/tws-gamechanger.libsyn.com\/website","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/39782635\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/197633575"}