Experimental design to persuade
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A sender chooses ex ante how her information will be disclosed ex post. A receiver obtains public information and information disclosed by the sender. Then he takes one of two actions. The sender wishes to maximize the probability that the receiver takes the desired action. I show that the sender optimally discloses only whether the receivers utility is above a cuto¤, which makes the receiver indi¤erent between the two actions upon learning that his utility is above it. I derive necessary and su¢ cient conditions for the senders and receivers welfare to be monotonic in information. Most notably, the senders welfare increases and the receivers welfare does not change with the precision of the senders information. Moreover, the senders welfare decreases and the receivers welfare increases with the precision of public information. JEL Classi
cation: C44, D81, D82, D83
[1] D. Blackwell. Equivalent Comparisons of Experiments , 1953 .
[2] Susan Athey,et al. The Value of Information in Monotone Decision Problems , 1998 .