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This note reconsiders communication between an informed expert and an uninformed decision maker with a strategic … mediator in a discrete Crawford and Sobel (1982) setting. We show that a strategic mediator may improve communication even when … he is biased into the same direction as the expert. The mediator improves communication, however, only if some …
Persistent link: https://www.econbiz.de/10008906024
In dieser Note wird die Kommunikation zwischen einem informierten Experten, einem strategischen Mediator und einem … Mediator die Kommunikation sogar dann verbessern kann, wenn sein Bias und der Bias des Experten gleichgerichtet sind. Diese …This note reconsiders communication between an informed expert and an uninformed decision maker with a strategic …
Persistent link: https://www.econbiz.de/10009408044
A partially informed expert, A, strategically transmits information to a principal, P. The residual uncertainty faced by the expert effectively causes the bias between P and A to be random, with two consequences. First, by misreporting A is likely to induce a decision choice by P, after the...
Persistent link: https://www.econbiz.de/10013093424
This note reconsiders communication between an informed expert and an uninformed decision maker with a strategic … mediator in a discrete Crawford and Sobel (1982) setting. We show that a strategic mediator may improve communication even when … he is biased into the same direction as the expert. The mediator improves communication, however, only if some …
Persistent link: https://www.econbiz.de/10014183132
Persistent link: https://www.econbiz.de/10008933710
Persistent link: https://www.econbiz.de/10012207370
experts with greater reputation for ability can more easily sway the beliefs of decision makers in a desired direction. Thus …, higher levels of reputation exacerbate the incentives of biased experts to misreport their private information. Decision … concerned about establishing a reputation for having accurate information. In this environment, the incentive of the expert to …
Persistent link: https://www.econbiz.de/10013072288
A decision-maker solicits information from two partially informed experts and then makes a choice under uncertainty …. The experts can be either moderately or extremely biased relative to the decision-maker, which is their private … information. I investigate the incentives of the experts to share their private information with the decision-maker and analyze …
Persistent link: https://www.econbiz.de/10014093182
of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome …The paper studies a dynamic communication game in the presence of adverse selection and career concerns. A forecaster …. Further, any report hurts the forecaster’s reputation in the short run, with later reports incurring larger penalties. The …
Persistent link: https://www.econbiz.de/10012123351
of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome …The paper studies a dynamic communication game in the presence of adverse selection and career concerns. A forecaster …. Further, any report hurts the forecaster's reputation in the short run, with later reports incurring larger penalties. The …
Persistent link: https://www.econbiz.de/10012859563