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We investigate the role of conflicting interests in a boundedly rational model of belief dynamics. Individuals have … noisy message containing information about his belief, the receiver interprets the sent message and updates her belief by … adopting the average of the interpretation and her pre-meeting belief. First, we establish that persuasion bias implies …
Persistent link: https://www.econbiz.de/10014135492
A privately informed sender may influence the decision maker through an intermediary who is better informed than him. I assume that the objective sender and intermediary pass on their best information, while the biased ones prefer a particular action but also have reputational concerns. I show...
Persistent link: https://www.econbiz.de/10014204670
Persistent link: https://www.econbiz.de/10014227335
Unfavorable news are often delivered under the disguise of vagueness. Our theory-driven laboratory experiment investigates this strategic use of vagueness in voluntary disclosure and asks whether there is scope for policy to improve information transmission. We find that vagueness is profitably...
Persistent link: https://www.econbiz.de/10013191455
results within the context of an application to central bank communication …
Persistent link: https://www.econbiz.de/10014082668
We study a communication game between an informed sender and an uninformed receiver with repeated interactions and …
Persistent link: https://www.econbiz.de/10014033519
affectsan activist shareholder’s strategic choice of engaging with the firm either via communication orthrough direct … likely to be targeted by the activist,they are likely to experience more friendly communication but less hostile intervention …
Persistent link: https://www.econbiz.de/10014352904
We investigate how improvements in organizations’ internal communication technology affect their voluntary disclosure …, a form of external communication. By developing a model with a headquarters manager and several divisional managers, we … formalize two competing economic forces—information learning and decision centralization—that shape the headquarters manager …
Persistent link: https://www.econbiz.de/10014235595
. Applying machine-learning techniques to a granular dataset of dialogues between managers and equity analysts during conference …-transitory effects of monetary policy communication …
Persistent link: https://www.econbiz.de/10013231304
It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the precision of public information or withholding it. The latter seems to be unrealistic. Thus, the issue is not whether central bank should disclose or not its information, but...
Persistent link: https://www.econbiz.de/10011526649