Showing 1 - 10 of 115,275
This paper studies how the outcome of Bayesian persuasion depends on the information available to Sender. I study a game in which Designer restricts the most informative signal Sender can generate. In the binary action case, I consider arbitrary preferences of Designer and characterize all...
Persistent link: https://www.econbiz.de/10012912855
We study a hierarchical Bayesian persuasion game with a sender, a receiver, and several potential intermediaries, generalizing the framework of Kamenica and Gentzkow (2011). The sender must be persuasive through a hierarchy of intermediaries to reach the final receiver, whose action affects all...
Persistent link: https://www.econbiz.de/10014344060
This paper introduces private sender information into a sender-receiver game of Bayesian persuasion with monotonic sender preferences. I derive properties of increasing differences related to the precision of signals and use these to fully characterize the set of equilibria robust to the...
Persistent link: https://www.econbiz.de/10010458265
This paper examines the phenomenon of management-initiated, court-supervised reorganization of companies in U.S. bankruptcy court. The proposed in-court persuasion mechanism reconciles excessive reorganizations of non-viable companies (and subsequent repeat failures) with management-initiated...
Persistent link: https://www.econbiz.de/10011779720
In a multi-sender Bayesian persuasion game, Gentzkow and Kamenica (2016) show that increasing the number of senders cannot decrease the amount of information revealed. They assume: (i) senders reveal information simultaneously, (ii) information can be arbitrarily correlated, and (iii) senders...
Persistent link: https://www.econbiz.de/10012937749
Drawing upon the Bayesian persuasion literature, I show that a mediator can provide conflicting parties strategically with information to decrease the ex-ante war probability. In a conflict between two parties with private information about military strength, the mediator generates information...
Persistent link: https://www.econbiz.de/10012862598
mitigate utility losses. We also demonstrate that a signalling rule in the persuasion is defined by whether the revealed …
Persistent link: https://www.econbiz.de/10012822471
This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
Persistent link: https://www.econbiz.de/10012587427
We study the general problem of Bayesian persuasion (optimal information design) with continuous actions and continuous state space in arbitrary dimensions. First, we show that with a finite signal space, the optimal information design is always given by a partition. Second, we take the limit of...
Persistent link: https://www.econbiz.de/10012487719
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