کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
883587 | 1471668 | 2013 | 15 صفحه PDF | دانلود رایگان |
• We study persuasion in a sender–receiver game when the sender's type is unknown.
• We find a unique equilibrium in which the neutral sender always tells the truth.
• The neutral sender can only communicate low quality levels with precision.
• On average the biased sender can persuade the receiver to accept the good.
We study persuasion in a modified Crawford–Sobel sender–receiver game in which the receiver makes a binary decision to accept or reject a good recommended by the sender. The good's quality and the sender's type (neutral or biased) are not observable to the receiver. These alterations yield a simple model and a unique truth-telling equilibrium in which neutral senders who observe different qualities fully separate but can only communicate low quality levels accurately. Biased senders adopt a mixed strategy that can successfully persuade the receiver to accept the good most of the time. When the sender's degree of bias is continuously distributed, a truth-telling equilibrium does not exist. Nonetheless, a partition equilibrium exists for any given number of partitions on the message space.
Journal: Journal of Economic Behavior & Organization - Volume 95, November 2013, Pages 111–125