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Jeff Ely (Nothwestern University)

4 November 2015 @ 12:00

 

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Details

Date:
4 November 2015
Time:
12:00
Event Category:

“Dynamic Multi-Agent Persuasion”

abstract

I study dynamic persuasion mechanisms with multiple agents.  A principal privately observes the evolution of a stochastic process and sends messages over time to strategically interacting agents.  Filtering information allows the principal to control beliefs and higher order beliefs, thereby influencing the behavior of agents.  In a stylized example of a bank run I show how private signals can optimally combat strategic complementarities.