In this recent paper by Chen and Houser, the researchers formulate a new "Mistress Game" that analyses trust and deception. I'm not about to reproduce the game tree of this or anything, but I will say that the creation of this game itself is not the amazing feat of this paper. Instead, it is their use of written messages to analyze the signals that may or may not induce cooperation and/or deception.
It seems that language and communication based experiments are coming to dominate recent research in experimental economics, particularly in coordination games and studies of trust, deception, and learning. All of this may seem pretty straightforward (duh, the use of language facilitates economic exchange), but by dissecting how this process works, we start to see an almost social evolutionary basis for economic institutions.
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