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The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts …
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is interested in reputation only, the initial equilibrium partition is finite; E makes announcements of greater …
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informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the …
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Community enforcement is an important device for sustaining efficiency in some repeated games of cooperation. We investigate cooperation when information about players' reputations spreads to their future partners through links in a social network that connects them. We find that information...
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We introduce two pieces of information, denoted memes, into a diffusion process in which memes are transmitted when individuals meet and forgotten at an exogenous rate. At most one meme can be transmitted at a meeting, which introduces opportunity costs in the process. Individuals differ...
Persistent link: https://www.econbiz.de/10011279690
The survey is concerned with the issue of information transmission from experts to non-experts. Two main approaches to … the use of experts can be traced. According to the game-theoretic approach expertise is a case of asymmetric information … the expert’s performance. According to the Bayesian decision-theoretic approach the expert is the agent who announces his …
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