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We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information transmission in a cheap talk bargaining game between an informed Sender and an uninformed Receiver. Theoretically, we find that the maximum amount of information that can be transmitted...
Persistent link: https://www.econbiz.de/10011386160
Many everyday activities are habitual. Among the most common human activities is communication. If people primarily communicate in a common-interests environment, they may form habits of truth-telling and believing messages. If they primarily communicate in a conflicting-interests environment,...
Persistent link: https://www.econbiz.de/10012887895
We study social learning in a social network setting where agents receive independent noisy signals about the truth … network does not privilege any agent in terms of influence, a large society almost always fails to converge to the truth. We …
Persistent link: https://www.econbiz.de/10011801379
We study the impact of bots on social learning in a social network setting. Regular agents receive independent noisy … signals about the true value of a variable and then communicate in a network. They na¨ıvely update beliefs by repeatedly … taking weighted averages of neighbors' opinions. Bots are agents in the network that spread fake news by disseminating biased …
Persistent link: https://www.econbiz.de/10013472296
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I examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly … social welfare increase as the consumers network becomes denser. These results are reverse when search costs are high. …
Persistent link: https://www.econbiz.de/10011335197
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A physician performs two tasks: making diagnoses and determining treatments. To reduce medical error, residents are supposed to consult their supervisors when they face uncommon circumstances. However, recent research shows that residents are reluctant to do so. This paper presents a model that...
Persistent link: https://www.econbiz.de/10011378360
When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in the sense that their preferences are closely aligned to the policy maker's preferences, and some advisers are bad. Recently, some...
Persistent link: https://www.econbiz.de/10011334827