Perfect Bayesian Persuasion

Autor: Lipnowski, Elliot, Ravid, Doron, Shishkin, Denis
Rok vydání: 2024
Předmět:
Druh dokumentu: Working Paper
Popis: A sender commits to an experiment to persuade a receiver. Accounting for the sender's experiment-choice incentives, and not presupposing a receiver tie-breaking rule when indifferent, we characterize when the sender's equilibrium payoff is unique and so coincides with her "Bayesian persuasion" value. A sufficient condition in finite models is that every action which is receiver-optimal at some belief is uniquely optimal at some other belief -- a generic property. We similarly show the equilibrium sender payoff is typically unique in ordered models. In an extension, we show uniqueness generates robustness to imperfect sender commitment.
Databáze: arXiv