Narrow search
Showing 1 - 10 of 2,594
Cover Image
Decision rules for experts with opposing interests
Mylovanov, Tymofiy; Zapechelnyuk, Andriy - 2010
This paper studies optimal decision rules for a decision maker who can consult two experts in an environment without …-of-equilibrium pair of recommendations by the experts are punished with an action that is independent of their reports. A particular … property of an optimal decision rule is that it is simple and constant for a large set of experts' preferences and distribution …
Persistent link: https://www.econbiz.de/10010280752
Cover Image
Communication in Cournot oligopoly
Goltsman, Maria; Pavlov, Gregory - 2012
information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …
Persistent link: https://www.econbiz.de/10010292012
Cover Image
A strategic mediator who is biased into the same direction as the expert can improve information transmission
Mechtenberg, Lydia; Münster, Johannes - 2011
information transmission is possible with unmediated communication. …
Persistent link: https://www.econbiz.de/10010281512
Cover Image
Communication in cournot oligopoly
Goltsman, Maria; Pavlov, Gregory - 2012
information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …
Persistent link: https://www.econbiz.de/10009633349
Cover Image
Approximate Knowledge of Rationality and Correlated Equilibria
Germano, Fabrizio; Zuazo-Garin, Peio - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
, we extend the analysis to characterizing rational expectations of interim types, to games of incomplete information, as …
Persistent link: https://www.econbiz.de/10010851330
Cover Image
Modeling Unawareness in Arbitrary State Spaces
Li, Jing - Department of Economics, University of Pennsylvania - 2008
I develop a set-theoretic model of unawareness without making any structural assumptions on the underlying state space. Unawareness is characterized as a measurability constraint that results in players' reasoning about a “coarse" subjective algebra of events. The model is shown to be...
Persistent link: https://www.econbiz.de/10005102103
Cover Image
Information Structures with Unawareness
Li, Jing - Department of Economics, University of Pennsylvania - 2008
problem. Information is modeled as a pair, consisting of both factual information and awareness information. The model … preserves the central properties of the standard information partition model. …
Persistent link: https://www.econbiz.de/10005102108
Cover Image
Communication in Cournot Oligopoly
Goltsman, Maria; Pavlov, Gregory - University of Western Ontario, Department of Economics - 2012
information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …
Persistent link: https://www.econbiz.de/10010681084
Cover Image
Approximate Knowledge of Rationality and Correlated Equilibria
Germano, Fabrizio; Zuazo-Garin, Peio - Center for the Study of Rationality, Hebrew University … - 2012
We extend Aumann's theorem (Aumann, 1987) in deriving correlated equilibria as a consequence of common priors and common knowledge of rationality by explicitly allowing for non-rational behavior. We replace the assumption of common knowledge of rationality with a substantially weaker notion,...
Persistent link: https://www.econbiz.de/10010617800
Cover Image
The political economy of interest groups: pressure and information
DAHM, Matthias; PORTEIRO, Nicolas - Center for Operations Research and Econometrics (CORE), … - 2003
We examine the incentives of an interest group to provide a political decision-maker with policy-relevant information … results say that the relationship between the pressure exerted and the amount of information transmitted is not monotonic, and … that an increase in the amount of information that the lobby transmits may be socially harmful. This analysis has immediate …
Persistent link: https://www.econbiz.de/10005043115