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Cover von: Communication and Binary Decisions: Is it Better to Communicate?
Estelle Malavolti, Frédéric Loss, Thibaud Vergé

Communication and Binary Decisions: Is it Better to Communicate?

Rubrik: Articles
Jahrgang 169 (2013) / Heft 3, S. 451-467 (17)
Publiziert 09.07.2018
DOI 10.1628/093245613X13621221166330
Veröffentlicht auf Englisch.
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Aufgrund einer Systemumstellung kann es vorübergehend u.a. zu Zugriffsproblemen kommen. Wir arbeiten mit Hochdruck an einer Lösung. Wir bitten um Entschuldigung für die Umstände.
Beschreibung
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.