Frédéric Loss, Estelle Malavolti, Thibaud Vergé

Communication and Binary Decisions: Is it Better to Communicate?

Jahrgang 169 () / Heft 3, S. 451-467 (17)

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We study information transmission between an informed expert and an uninformed decision-maker when the decision is binary and the expert does not have a systematic bias. Whenever an equilibrium exists where the decision is delegated to the expert, it is ex ante Pareto-dominant. Adding a round of multilateral communication does not improve information transmission. The decision-maker can, however, improve information transmission by communicating sequentially with two experts. However, introducing multiple rounds of communication (i.e., allowing for rebuttal) does not help.

Frédéric Loss Keine aktuellen Daten verfügbar.

Estelle Malavolti Keine aktuellen Daten verfügbar.

Thibaud Vergé Keine aktuellen Daten verfügbar.