Blume, Andreas; Board, Oliver J.; Kawamura, Kohei - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 4, pp. 395-440
We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … noise can improve welfare. With quadratic preferences and a uniform type distribution, welfare can be raised for almost … every bias level by introducing a sufficiently small amount of noise. Furthermore, there exists a level of noise that makes …