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sufficiently high ambiguity, more than two messages are often necessary to implement the optimal decision rule of S, though only … not implement the optimal decision rule of S, which is not the case in the absence of ambiguity. Fourth, we show that the … addition of a little ambiguity may generate influential communication that is unambiguously advantageous to S. Fifth, we …
Persistent link: https://www.econbiz.de/10010211402
Scholars have long recognized the difficulties of communicating risk to the public. The rise of mobile gaming presents unprecedented opportunities for risk communicators to reach millions of potential users in engaging and potentially effective ways. Gamifying risk communication may help users...
Persistent link: https://www.econbiz.de/10012994947
this phenomenon by incorporating the client’s optimism and attitudes toward ambiguity into a strategic communication model … with a lower end strictly below their precise observation. By choosing an optimal level of ambiguity, the expert trades off … client’s ambiguity attitude. As the client becomes more ambiguity averse, precise information about the less preferable …
Persistent link: https://www.econbiz.de/10014345232
This paper investigates an extended version of Crawford-Sobel's (1982) communication game in which the principal can control the quality of the expert's information. We prove that the optimal quality of information is always bounded away from the full information and characterize the optimal...
Persistent link: https://www.econbiz.de/10014059602
The basis of competition in today’s marketplace is changing from one based on human labor, to one where the principle source of value creation is an organization’s knowledge, and the organization’s ability to rapidly acquire new knowledge through learning. The rise of the knowledge economy...
Persistent link: https://www.econbiz.de/10014035947
a cheap talk game. The decision maker is in a situation of model-uncertainty and is ambiguity sensitive. I show that …
Persistent link: https://www.econbiz.de/10013322204
We consider a platform which provides probabilistic forecasts to a customer using some algorithm. We introduce a concept of miscalibration, which measures the discrepancy between the forecast and the truth. We characterize the platform's optimal equilibrium when it incurs some cost for...
Persistent link: https://www.econbiz.de/10012587367
In this experimental study, we compare the influence of risk communication in the form of stories versus statistics on the level of investment in a resilience-promoting activity. We also analyze how this influence interacts with time gap and with an individual’s preferences for risk and...
Persistent link: https://www.econbiz.de/10014325106
We introduce experimental persuasion between Sender and Receiver. Sender chooses an experiment to perform from a feasible set of experiments. Receiver observes the realization of this experiment and chooses an action. We characterize optimal persuasion in this baseline regime and in an...
Persistent link: https://www.econbiz.de/10013215572
Persistent link: https://www.econbiz.de/10012583624