Showing 51 - 60 of 3,581
Fixing a game with uncertain payoffs, information design identifies the information structure and equilibrium that maximizes the payoff of an information designer. We show how this perspective unifies existing work, including that on communication in games (Myerson (1991)), Bayesian persuasion...
Persistent link: https://www.econbiz.de/10012962810
We perform a (psychological) game-theoretic analysis of cheating in the setting proposed by Fischbacher & Föllmi-Heusi (2013). The key assumption, which we refer to as perceived cheating aversion, is that the decision maker derives disutility in proportion to the amount in which he is perceived...
Persistent link: https://www.econbiz.de/10012965717
We test empirically the strategic counterpart of the Adaptive Decision Maker hypothesis (Payne et al., 1993), which states that decision makers adapt their attention and decision rules to time pressure in predictable ways. For twenty-nine normal form games, we test whether players adapt to...
Persistent link: https://www.econbiz.de/10012971572
We study forecast dispersion in a finite-player forecasting game modeled as an aggregate game with payoff externalities and dispersed information. In the game, each agent cares about being accurate as well as about the distance of his forecast from the average forecast; and with a finite number...
Persistent link: https://www.econbiz.de/10012972639
Truthtelling is often viewed as focal in direct mechanisms. We introduce two new notions of robust implementation based on the premise that society may be composed of "primitive'' agents who, whenever confronted with a strategy profile, anchor to truthtelling and make a limited number of...
Persistent link: https://www.econbiz.de/10012951989
I examine a setting, where an information sender conducts research into a payoff-relevant state variable, and releases information to agents, who consider joining a coalition. The agents' actions can cause harm by contributing to a public bad. The sender, who has commitment power, by designing...
Persistent link: https://www.econbiz.de/10012954130
A principal wishes to persuade multiple agents to take a particular action profile. Each agent cares about both a payoff-relevant state and others' actions. The principal discloses information about the state to control the agents' behavior by using their strategic uncertainty. We show that she...
Persistent link: https://www.econbiz.de/10012955142
We study a linear interaction model with asymmetric information. We first characterize the linear Bayes Nash equilibrium for a class of one dimensional signals. It is then shown that this class of one dimensional signals provide a comprehensive description of the first and second moments of the...
Persistent link: https://www.econbiz.de/10012955894
In this paper we study common belief of rationality in strategic-form games with ordinal utilities, employing a qualitative doxastic model of beliefs. We characterize the three main solution concepts for such games, viz., Iterated Deletion of Strictly Dominated Strategies (IDSDS), Iterated...
Persistent link: https://www.econbiz.de/10012956466
This paper examines the effect of interactions between heterogeneous decision-makers on an agent's information revelation incentives. We analyze a cheap-talk game between an informed agent and two uninformed decision-makers who coordinate their actions. We compare public communication with...
Persistent link: https://www.econbiz.de/10013020019