Verge, Thibaud; Malavolti-Grimal, Estelle; Loss, Frédéric - Université Paris-Dauphine (Paris IX) - 2013
We study information transmission between informed experts and an uninformed decision-maker who only takes binary … decisions. In the single expert case, we show that information transmission can only be relatively poor. Hence, even sophiscated … communication games do not yield equilibria which (ex ante) outperform delegation. Referring to multiple experts allow the decision …