Showing 1 - 10 of 34
A sender commissions a study to persuade a receiver, but influences the report with some state-dependent probability. We show that increasing this probability can benefit the receiver and can lead to a discontinuous drop in the sender's payoffs. We also examine a public-persuasion setting, where...
Persistent link: https://www.econbiz.de/10012899473
Persistent link: https://www.econbiz.de/10012818863
We study a model of cheap talk with one substantive assumption: The sender's preferences are state independent. Our main observation is that such a sender gains credibility by degrading self-serving information. Using this observation, we examine the sender's benefits from communication, assess...
Persistent link: https://www.econbiz.de/10012854470
We study optimal testing to inform quarantine decisions for a population exhibiting a heterogeneous probability of carrying a pathogen. Because test supply is limited, the planner may choose to test a pooled sample, which contains the specimens of multiple individuals (Dorfman, 1943). We...
Persistent link: https://www.econbiz.de/10013223197
Persistent link: https://www.econbiz.de/10013457555
We revisit the classic model of two-player repeated games with undiscounted utility, observable actions, and one-sided incomplete information, and further assume the informed player has state-independent preferences. We show the informed player can attain a payoff in equilibrium if and only if...
Persistent link: https://www.econbiz.de/10013229806
Persistent link: https://www.econbiz.de/10015071127
Persistent link: https://www.econbiz.de/10012509100
We study a static self-control model in which an agent's preference, temptation ranking, and cost of self-control drive her choices among a finite set of options. We show that it is without loss to assume that the agent's temptation ranking is the opposite of her preference. We characterize the...
Persistent link: https://www.econbiz.de/10012926949
A seller bargains with a rationally inattentive buyer (Sims, 2003) over a good of random quality. After observing quality, the seller makes a take-it-or-leave-it offer. The buyer pays attention to the seller's product and offer at a cost proportional to expected entropy reduction. Because...
Persistent link: https://www.econbiz.de/10012839074