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A sender designs a signal about the state of the world to persuade a receiver. Under standard assumptions, an optimal signal censors states on one side of a cutoff and reveals all other states. This result holds in continuous and discrete environments with general and monotone partitional...
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This paper studies optimal decision rules for a decision maker who can consult two experts in an environment without monetary payments. This extends the previous work by Holmström (1984) and Alonso and Matouschek (2008) who consider environments with one expert. In order to derive optimal...
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