Wirtschaftswissenschaft

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.
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Frédéric Loss Keine aktuellen Daten verfügbar.

Estelle Malavolti Keine aktuellen Daten verfügbar.

Thibaud Vergé Keine aktuellen Daten verfügbar.