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An informed advisor wishes to convey her valuable information to an uninformed decision maker with identical preferences. Thus she has a current incentive to truthfully reveal her information. But if the decision maker thinks the advisor might be biased in favor of one decision, and the advisor...
Persistent link: https://www.econbiz.de/10005252446
This paper presents a simple framework that allows us to survey and relate some different strands of the game theory literature. We describe a "canonical" way of adding incomplete information to a complete information game. This framework allows us to give a simple "complete theory"...
Persistent link: https://www.econbiz.de/10005252464