Showing 71 - 80 of 130,778
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
. Contrary to CS, in this model, the informativeness of communication is not always decreasing in the level of conflict of … interest. Relatedly, communication can be more informative than in CS …
Persistent link: https://www.econbiz.de/10013075391
An uninformed sender chooses a publicly observable experiment and sends a message to a receiver after privately learning the experimental outcome. To design the optimal experiment, the sender faces a tension between acquiring more information and alleviating the conflict of interest. In the...
Persistent link: https://www.econbiz.de/10012836548
examine the sender's benefits from communication, assess the value of commitment, and explicitly solve for sender …
Persistent link: https://www.econbiz.de/10012854470
study by Morris argued that analysts' (experts') reputational concerns may discourage truthful communication when they try … on communication in a setting where analysts can choose their precision endogenously. Because both misaligned and aligned …
Persistent link: https://www.econbiz.de/10013019964
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
We consider a platform which provides probabilistic forecasts to a customer using some algorithm. We introduce a concept of miscalibration, which measures the discrepancy between the forecast and the truth. We characterize the platform's optimal equilibrium when it incurs some cost for...
Persistent link: https://www.econbiz.de/10012587367
Learning is crucial to organizational decision making but often needs to be delegated. We examine a dynamic delegation problem where a principal decides on a project with uncertain profitability. A biased agent, who is initially as uninformed as the principal, privately learns the profitability...
Persistent link: https://www.econbiz.de/10012587421
We consider a model of Bayesian persuasion in which the Receiver can detect lies with positive probability. We show that the Sender lies more when the lie detection probability increases. As long as the lie detection probability is sufficiently small the Sender's and the Receiver's equilibrium...
Persistent link: https://www.econbiz.de/10013238760
preferences. Under cheap-talk, we show that, in an informative equilibrium, the seller provides less precise information for more …
Persistent link: https://www.econbiz.de/10013250400