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Table 1 Model parameters

From: Cheap talk communication with dynamic information searching

   Base case
N Number of informed agents 100
M Number of uninformed agents 900
I Percentage of honest informed agents 50
\(\Gamma\) Number of uninformed agents with searching behavior 0, 10, 20, 30, 100, 300, 900
k Number of neighbors of uninformed agents 2, 4, 6, 8, 10
P Total number of periods 5000
\(m_p\) Real states of information U[0, 1]
\({x_{i,p}}\) Pseudorandom integer 0, 1
b An array of random numbers from a normal distribution N[0, 1]
\(\gamma\) Scalar parameter measuring accuracy of the information 0.1, 0.3, 0.5, 0.7, 0.9
\(\alpha\) Rate of selected strategy adjustment 0.05
\(\beta\) Rate of adjustment of expected payoff 0.9
\(\theta\) Rate of trustworthiness adjustment 0.05