Showing 1 - 10 of 1,372
This paper investigates how different message structures impact communication strategy as well as sender and receiver … behavior. Specifically, we focus on comparing communication games with messages stating an intention versus a request. Our …
Persistent link: https://www.econbiz.de/10012432600
A decision maker (DM) must choose between two projects or decide on no project. The expected benefits of these projects are correlated. The DM seeks advice from an agent with private information about the projects' benefits. However, the agent's divergent preferences for projects and lack of...
Persistent link: https://www.econbiz.de/10014636248
I experimentally investigate how vague language changes the nature of communication in a biased strategic information … model showing that vague messages increase communication between boundedly rational players, especially if some senders are …
Persistent link: https://www.econbiz.de/10013367782
A Bayesian agent experiences gain-loss utility each period over changes in belief about future consumption (''news utility''), with diminishing sensitivity over the magnitude of news. Diminishing sensitivity induces a preference over news skewness: gradual bad news, one-shot good news is worse...
Persistent link: https://www.econbiz.de/10014635286
We studied how communication media affect trust game play. Three popular media were considered: traditional face …-to-face, Facebook groups, and anonymous online chat. We considered post-communication changes in players' expectations and preferences …, and further analyzed the contents of group communications to understand the channels though which communication appears to …
Persistent link: https://www.econbiz.de/10012432337
We study flexible public information design in global games. In addition to receiving public information from the designer, agents are endowed with exogenous private information and must decide between two actions (invest and not invest), the profitability of which depends on unknown...
Persistent link: https://www.econbiz.de/10015415285
communication device) in which the informed agent reports one of the N possible elements of a partition to the mediator and then the …
Persistent link: https://www.econbiz.de/10014426261
I consider multi-round cheap talk communication environments in which, after a lie, the informed party has no memory of … can arise in equilibrium. Elaborations are proposed to shed light on why non-trivial communication protocols are used in …
Persistent link: https://www.econbiz.de/10012587426
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