Chiba, Saori; Leong, Kaiwen - Dipartimento di Management, Università Ca' Foscari Venezia - 2013
Consider an uninformed decision maker (DM) who communicates with a partially informed speaker (S) through cheap talk. DM can choose a project to implement or the outside option of no project. We show that if the agentsÕ ex-ante rankings over projects do not coincide, then this conflict of...