EconPapers    
Economics at your fingertips  
 

Information Design: A Unified Perspective

Dirk Bergemann () and Stephen Morris ()

No 11867, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Fixing a game with uncertain payoffs, information design identifies the information structure and equilibrium that maximizes the payoff of an information designer. We show how this perspective unifies existing work, including that on communication in games (Myerson (1991)), Bayesian persua- sion (Kamenica and Gentzkow (2011)) and some of our own recent work. 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.

Keywords: Bayesian persuasion; correlated equilibrium; incomplete information; information design; information structure.; robust predictions (search for similar items in EconPapers)
JEL-codes: C72 D82 D83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth and nep-mic
Date: 2017-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=11867 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Information Design: A Unified Perspective (2019) Downloads
Working Paper: Information Design: A Unified Perspective (2018) Downloads
Working Paper: Information Design: A Unified Perspective (2017) Downloads
Working Paper: Information Design: A Unified Perspective (2017) Downloads
Working Paper: Information Design: A Unified Perspective (2017) Downloads
Working Paper: Information Design: A Unified Perspective (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:11867

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... rs/dp.php?dpno=11867

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2019-09-13
Handle: RePEc:cpr:ceprdp:11867