 Strategic gradual learning and information transmissionJournal of Economic Theory, 2018, vol. 177, issue C, 594-615 Abstract: Prior to advising a decision maker, the expert needs to gather some relevant information. This often takes time, and therefore, even if the expert's learning process is unobservable, the timing of advice can be informative in itself. If, in addition, the expert can choose which experiments to perform, the timing of her advice may reveal not only the amount but also the type of information at her disposal. This paper studies a dynamic information transmission problem where a biased expert acquires information by performing a sequence of experiments, which cannot be observed by the decision maker. It is shown that, even in the absence of an objective reason to expedite information transmission, artificial time pressure can increase the amount of information transmitted and be beneficial to both players. Keywords: Gradual learning; Strategic scheduling of experiments; Dynamic information transmission; Cheap talk (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:177:y:2018:i:c:p:594-615 DOI: 10.1016/j.jet.2018.07.006 Access Statistics for this article Journal of Economic Theory is currently edited by A. Lizzeri and K. Shell More articles in Journal of Economic Theory from Elsevier |
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