Bayesian persuasion and information design

E Kamenica - Annual Review of Economics, 2019 - annualreviews.org
A school may improve its students' job outcomes if it issues only coarse grades. Google can
reduce congestion on roads by giving drivers noisy information about the state of traffic. A …

Markets for information: An introduction

D Bergemann, A Bonatti - Annual Review of Economics, 2019 - annualreviews.org
We survey a recent and growing literature on markets for information. We offer a
comprehensive view of information markets through an integrated model of consumers …

Information design: A unified perspective

D Bergemann, S Morris - Journal of Economic Literature, 2019 - aeaweb.org
Given a game with uncertain payoffs, information design analyzes the extent to which the
provision of information alone can influence the behavior of the players. Information design …

Beeps

JC Ely - American Economic Review, 2017 - aeaweb.org
I introduce and study dynamic persuasion mechanisms. A principal privately observes the
evolution of a stochastic process and sends messages over time to an agent. The agent …

Extreme points and majorization: Economic applications

A Kleiner, B Moldovanu, P Strack - Econometrica, 2021 - Wiley Online Library
We characterize the set of extreme points of monotonic functions that are either majorized by
a given function f or themselves majorize f and show that these extreme points play a crucial …

The design and price of information

D Bergemann, A Bonatti, A Smolin - American economic review, 2018 - aeaweb.org
A data buyer faces a decision problem under uncertainty. He can augment his initial private
information with supplemental data from a data seller. His willingness to pay for …

The simple economics of optimal persuasion

P Dworczak, G Martini - Journal of Political Economy, 2019 - journals.uchicago.edu
We propose a price-theoretic approach to Bayesian persuasion by establishing an analogy
between the sender's problem and finding Walrasian equilibria of a persuasion economy …

Optimal information disclosure: A linear programming approach

A Kolotilin - Theoretical Economics, 2018 - Wiley Online Library
An uninformed sender designs a mechanism that discloses information about her type to a
privately informed receiver, who then decides whether to act. I impose a single‐crossing …

A Rothschild-Stiglitz approach to Bayesian persuasion

M Gentzkow, E Kamenica - American Economic Review, 2016 - aeaweb.org
Rothschild and Stiglitz (1970) represent random variables as convex functions (integrals of
the cumulative distribution function). Combining this representation with Blackwell's …

Data, competition, and digital platforms

D Bergemann, A Bonatti - American Economic Review, 2024 - pubs.aeaweb.org
A monopolist platform uses data to match heterogeneous consumers with multiproduct
sellers. The consumers can purchase the products on the platform or search off the platform …