To Disclose or Not to Disclose: Cheap Talk with Uncertain Biases
No 4003, Working Papers from Concordia University, Department of Economics
I study strategic information transmission when biases are uncertain. A perfectly informed expert advises a decision maker. The expert has biases with direction unknown to the decision maker. I show that all equilibria are of partitional form as identified by Crawford and Sobel (1982). It never benefits the decision maker or the expert to have the bias of the expert disclosed. The decision maker is better off when the bias distribution is more balanced or when the bias size is smaller.
Keywords: Cheap Talk; Transparency; Advice. (search for similar items in EconPapers)
JEL-codes: C72 D82 P16 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc and nep-ino
Date: 2003-08, Revised 2004-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://economics.concordia.ca/documents/working_papers/04003ml.pdf [301 Moved Permanently]--> http://www.concordia.ca/artsci/economics.htmldocuments/working_papers/04003ml.pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:crd:wpaper:04003
Access Statistics for this paper
More papers in Working Papers from Concordia University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Economics Department ().