A Note on Dynamic Consistency in Ambiguous Persuasion

Marieke Pahlke

No 611, Center for Mathematical Economics Working Papers from Center for Mathematical Economics, Bielefeld University

Abstract: Beauchêne, Li, and Li (2019) show that ambiguous persuasion leads to new interim equilibria with higher ex ante value for the Sender compared to the standard Bayesian persuasion. However, in their equilibrium the strategy of the Receiver is in general not ex ante optimal. This note, de fines rectangular beliefs over the full state space in the same setting as Beauchêne et al. (2019) and shows that given rectangular be- liefs the Receiver behaves dynamically consistent. Hence, the interim equilibrium of Beauchêne et al. (2019) is an ante equilibrium, as well.

Keywords: Bayesian Persuasion; Ambiguity Aversion; Dynamic Consistency (search for similar items in EconPapers)
Date: 2019-03-25
New Economics Papers: this item is included in nep-gth, nep-mic and nep-upt
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bie:wpaper:611

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