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 …

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 …

We study persuasion mechanisms in linear environments. A receiver has a private type and
chooses between two actions. A sender designs a persuasion mechanism or an experiment …

In a symmetric information voting model, an individual (politician) can influence voters'
choices by strategically designing a policy experiment (public signal). We characterize the …

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 …

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 …

We study an optimal disclosure policy of a regulator that has information about banks (eg,
from conducting stress tests). In our model, disclosure can destroy risk-sharing opportunities …

Rothschild and Stiglitz (1970) represent random variables as convex functions (integrals of
the cumulative distribution function). Combining this representation with Blackwell's …

Recycled water is an effective method to rescue regional water shortages and promote
environmental protection. As for end users of recycled water, public attitudes and …

In a world in which rational individuals may hold different prior beliefs, a sender can
influence the behavior of a receiver by controlling the informativeness of an experiment …