On Strategic Transmission of Gradually Arriving Information

The main insight of the literature on strategic information transmissionis that even a small conflict of interest between a fully informedsender (e.g., a financial adviser) and an uninformed receiver (aninvestor) often poses considerable difficulties for effective communication.However, in many real-life situations, the sender is not fully informedat the outset but gradually studies the case before offering advice.The gradual arrival of information to the sender weakens the strategicbarriers between the players and significantly improves communication