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Bayesian Persuasion

delete2011-10-01
delete1.2K
PRE
AI
E
Emir Kamenica *
G
Gentzkow, Matthew
DOI:10.1257/aer.101.6.2590delete
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Abstract

Abstract

En 中文
When is it possible for one person to persuade another to change her action? We consider a symmetric information model where a sender chooses a signal to reveal to a receiver, who then takes a noncontractible action that affects the welfare of both players. We derive necessary and sufficient conditions for the existence of a signal that strictly benefits the sender. We characterize sender-optimal signals. We examine comparative statics with respect to the alignment of the sender's and the receiver's preferences. Finally, we apply our results to persuasion by litigators, lobbyists, and salespeople. (JEL D72, D82, D83, K40, M31)
Keywords:
INFORMATION
COMMUNICATION
DISCLOSURE

Journal

American Economic Review cover
American Economic Review
IF:
11.6
Papers:
5.0K
Citations:
7.5W

Organization

U
university of chicago
Scholars:
4.4W
Papers: 3.7W
Citations: 80