Information Design: A Unified Perspective

Dirk Bergemann and Stephen Morris

No 2075R2, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: Given a game with uncertain payoffs, information design analyzes the extent to which the provision of information alone can influence the behavior of the players. Information design has a literal interpretation, under which there is a real information designer who can commit to the choice of the best information structure (from her perspective) for a set of participants in a game. We emphasize a metaphorical interpretation, under which the information design problem is used by the analyst to characterize play in the game under many different information structures. We provide an introduction into the basic issues and insights of a rapidly growing literature in information design. We show how the literal and metaphorical interpretations of information design unify a large body of existing work, including that on communication in games (Myerson (1991)), Bayesian persuasion (Kamenica and Gentzkow (2011)) and some of our own recent work on robust predictions in games of incomplete information.

Keywords: Information design; Bayesian persuasion; correlated equilibrium; incomplete information; robust predictions; information structure (search for similar items in EconPapers)
JEL-codes: C72 D82 D83 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2017-03, Revised 2017-11
New Economics Papers: this item is included in nep-gth and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Related works:
Journal Article: Information Design: A Unified Perspective (2019)
Working Paper: Information Design: A Unified Perspective (2018)
Working Paper: Information Design: A Unified Perspective (2017)
Working Paper: Information Design: A Unified Perspective (2017)
Working Paper: Information Design: A Unified Perspective (2017)
Working Paper: Information Design: A Unified Perspective (2017)
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