Showing 1 - 10 of 80,331
Persistent link: https://www.econbiz.de/10013462918
Persistent link: https://www.econbiz.de/10014335561
This paper argues that stress tests encompassing the entire banking sector (macro stress tests) can be designed to improve welfare. We develop a multi-receiver framework of Bayesian persuasion to show that a banking supervisor can create value when he commits to disclose the stress-testing...
Persistent link: https://www.econbiz.de/10010339955
Persistent link: https://www.econbiz.de/10011374030
This paper introduces private sender information into a sender-receiver game of Bayesian persuasion with monotonic sender preferences. I derive properties of increasing differences related to the precision of signals and use these to fully characterize the set of equilibria robust to the...
Persistent link: https://www.econbiz.de/10010458265
When is it possible for one person to persuade another to change her action? We take a mechanism design approach to this question. Taking preferences and initial beliefs as given, we introduce the notion of a persuasion mechanism: a game between Sender and Receiver defined by an information...
Persistent link: https://www.econbiz.de/10013153918
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...
Persistent link: https://www.econbiz.de/10012903658
We study a multi-player model of sequential communication. A receiver obtains information from two sources. The first … modifies the initial information. We prove that Bayesian persuasion does not defy truthful communication in cheap talk, but … mitigate utility losses. We also demonstrate that a signalling rule in the persuasion is defined by whether the revealed …
Persistent link: https://www.econbiz.de/10012822471
How should an agent (the sender) observing multi-dimensional data (the state vector) persuade another agent to take the desired action? We show that it is always optimal for the sender to perform a (non-linear) dimension reduction by projecting the state vector onto a lower-dimensional object...
Persistent link: https://www.econbiz.de/10012799529
Persistent link: https://www.econbiz.de/10012624866