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We consider a multi-receiver Bayesian persuasion problem where an informed sender tries to persuade a group of receivers to adopt a certain product. The sender is allowed to commit to a signaling policy where she sends a private signal to every receiver. The utility of the sender is a function...
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Mean-preserving contractions are critical for studying Bayesian models of information design. We introduce the class of bi-pooling policies, and the class of bi-pooling distributions as their induced distributions over posteriors. We show that every extreme point in the set of all...
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This paper investigates the dynamics of product adoption under incomplete information regarding product quality. A revising agent observes a small sample of actions played in the population and also receives a private signal indicating the realized state. Using a simple heuristic, the agent...
Persistent link: https://www.econbiz.de/10014346203