Showing 1 - 10 of 233,112
Persistent link: https://www.econbiz.de/10015179471
How should an agent (the sender) observing multi-dimensional data (the state vector) persuade another agent to take the desired action? We show that it is always optimal for the sender to perform a (non-linear) dimension reduction by projecting the state vector onto a lower-dimensional object...
Persistent link: https://www.econbiz.de/10012799529
We study the impact of observational learning in large scale congested service systems with servers having heterogenous quality levels and customers that are heterogonously informed about the server quality. Providing congestion information to all customers allows them to avoid congested...
Persistent link: https://www.econbiz.de/10011756896
Do elementary statistics or equilibrium theory deliver any rules of thumb regarding how we should argue in debates? We …
Persistent link: https://www.econbiz.de/10014043082
This paper investigates the role of persuasion mechanisms in collective decision-making. A persuasion mechanism consists of a family of conditional distributions over the underlying state space and the generated noisy signals. A biased, perfectly informed sender adopts a persuasion mechanism to...
Persistent link: https://www.econbiz.de/10013020031
Persistent link: https://www.econbiz.de/10010238616
The Bayesian persuasion model studies communication between an informed sender and a receiver with a payoff …
Persistent link: https://www.econbiz.de/10012832302
studied communication games. Under these conditions, the Sender's (lack of) commitment in the persuasion problem is quantified … as a communication cost to sustain the chosen belief distribution. The value of persuasion is shown to be the Sender … communication game. We apply this approach to study test design and a lobbyist's incentive to generate and truthfully report new …
Persistent link: https://www.econbiz.de/10012850691
solve the problem of valuing inputs in Pongou and Tondji's (2018) environment enriched by a communication structure …
Persistent link: https://www.econbiz.de/10013210899
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