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Bayesian persuasion by stress test disclosure : conference pape

Gick, Wolfgang; Pausch, Thilo - 2013

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

Information acquisition and the value of bad news

Ispano, Alessandro - In: Games and economic behavior 110 (2018), pp. 165-173

Persistent link: https://www.econbiz.de/10012052082

Costly Voluntary Disclosure in a Screening Game

Pecorino, Paul - 2013

time. Fairness considerations appear to be important in explaining the deviation from theory. For a plaintiff with a strong … case, the return to revealing private information is approximately zero, while theory predicts that this return should be …

Persistent link: https://www.econbiz.de/10013079903

Costly Voluntary Disclosure in a Signaling Game

Pecorino, Paul - 2016

information in a signaling game. Under the theory, 100% of plaintiffs with a weak case are predicted to remain silent, while 100 … experiment, 80% of weak plaintiffs remain silent and 69% of strong plaintiffs reveal their type. In line with theory, weak … defendant, the incentive to engage in voluntary disclosure is weaker empirically, than it is in theory …

Persistent link: https://www.econbiz.de/10012986925

Persuasive Disclosure

Wu, Wenhao - 2019

This paper studies the general information disclosure model (Grossman, 1981; Milgrom, 1981) relaxing the assumption of monotonicity in preferences. I apply the belief-based approach, which is developed in Bayesian persuasion (Kamenica and Gentzkow, 2011) and applied to cheap talk (Lipnowski and...

Persistent link: https://www.econbiz.de/10012871383