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Effective persuasion
Chen, Ying; Olszewski, Wojciech - 2013
Persistent link: https://www.econbiz.de/10010238616
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Effective persuasion
Chen, Ying; Olszewski, Wojciech - In: International economic review 55 (2014) 2, pp. 319-347
Persistent link: https://www.econbiz.de/10010423372
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Effective Persuasion
Chen, Ying; Olszewski, Wojciech - 2014
Do elementary statistics or equilibrium theory deliver any insight regarding how we should argue in debates? We provide …
Persistent link: https://www.econbiz.de/10014146260
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Information Aggregation in Multidimensional Cheap Talk
Habermacher, Daniel - 2021
interdependence because information about each state affects both decisions. Senders are imperfectly informed and communication … one of the states. I show that communication depends on how the interdependence aggregates decision-specific biases. This … aggregation can lead to positive or negative informational spillovers, which affect communication incentives. Secondly, I analyse …
Persistent link: https://www.econbiz.de/10013212196
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Multidimensional Private Information, Market Structure and Insurance Markets
Fang, Hanming - 2016
A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is often statistically insignificant or negative. This is inconsistent with the predictions from the classic models of insurance a la Akerlof (1970), Pauly (1974) and Rothschild and...
Persistent link: https://www.econbiz.de/10012980824
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Public and private learning from prices, strategic substitutability and complementarity, and equilibrium multiplicity
Manzano Tovar, Carolina; Vives, Xavier - 2010
We study a general static noisy rational expectations model, where investors have private information about asset payoffs, with common and private components, and about their own exposure to an aggregate risk factor, and derive conditions for existence and uniqueness (or multiplicity) of...
Persistent link: https://www.econbiz.de/10003994517
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Information acquisition and learning from prices over the business cycle
Mäkinen, Taneli; Ohl, Björn - 2012
We study firms' incentives to acquire costly information in booms and recessions to understand the role of endogenous information in explaining asymmetric business cycles. When the economy has been in a boom in the previous period, and firms enter the current period with an optimistic belief,...
Persistent link: https://www.econbiz.de/10009501052
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Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10009696885
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Stability under learning of equilibria in financial markets with supply information
Heinemann, Maik - 2009
In a recent paper Ganguli and Yang [2009] demonstrate, that there can exist multiple equilibria in a financial market model á la Grossman and Stiglitz [1980] if traders possess private information regarding the supply of the risky asset. The additional equilibria differ in some important...
Persistent link: https://www.econbiz.de/10003828717
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The power of sunspots : an experimental analysis
Fehr, Dietmar; Heinemann, Frank; Llorente-Saguer, Aniol - 2017
This paper presents an experiment on a coordination game with extrinsic random signals, in which we systematically vary the stochastic process generating these signals and measure how signals affect behavior. We find that sunspot equilibria emerge naturally if there are salient public signals....
Persistent link: https://www.econbiz.de/10011596121