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 …
reduce congestion on roads by giving drivers noisy information about the state of traffic. A …
Markets for information: An introduction
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 …
comprehensive view of information markets through an integrated model of consumers …
Information design: A unified perspective
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 …
provision of information alone can influence the behavior of the players. Information design …
Extreme points and majorization: Economic applications
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 …
a given function f or themselves majorize f and show that these extreme points play a crucial …
The design and price of information
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 …
information with supplemental data from a data seller. His willingness to pay for …
The simple economics of optimal persuasion
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 …
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 …
privately informed receiver, who then decides whether to act. I impose a single‐crossing …
A Rothschild-Stiglitz approach to Bayesian persuasion
Rothschild and Stiglitz (1970) represent random variables as convex functions (integrals of
the cumulative distribution function). Combining this representation with Blackwell's …
the cumulative distribution function). Combining this representation with Blackwell's …
Data, competition, and digital platforms
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 …
sellers. The consumers can purchase the products on the platform or search off the platform …