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Publications
  • July 2007
  • Article
  • Journal of Economic Theory

A Two-Person Game of Information Transmission

By: Jerry R. Green and Nancy L. Stokey
  • Format:Print
  • | Pages:15
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Abstract

We consider a statistical decision problem faced by a two player organization whose members may not agree on outcome evaluations and prior probabilities. One player is specialized in gathering information and transmitting it to the other, who takes the decision. This process is modeled as a game. Qualitative properties of the equilibria are analyzed. The impact of improving the quality of available information on the equilibrium welfares of the two individuals is studied. Better information generally may not improve welfare. We give conditions under which it will.

Keywords

Game Theory; Cheap Talk; Communication Games; Communication; Information

Citation

Green, Jerry R., and Nancy L. Stokey. "A Two-Person Game of Information Transmission." Journal of Economic Theory 135, no. 1 (July 2007): 90–104.
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About The Author

Jerry R. Green

Negotiation, Organizations & Markets
→More Publications

More from the Authors

    • December 2022
    • Decisions in Economics and Finance

    Two Representations of Information Structures and Their Comparisons

    By: Jerry R. Green and Nancy L. Stokey
    • Social Choice and Welfare

    Assent-maximizing Social Choice

    By: Katherine A. Baldiga and Jerry R. Green
    • January 2011
    • American Naturalist

    Let the Right One In: A Microeconomic Approach to Partner Choice in Mutualisms

    By: Marco Archetti, Francisco Ubeda, Drew Fudenberg, Jerry R. Green, Naomi E. Pierce and Douglas W. Yu
More from the Authors
  • Two Representations of Information Structures and Their Comparisons By: Jerry R. Green and Nancy L. Stokey
  • Assent-maximizing Social Choice By: Katherine A. Baldiga and Jerry R. Green
  • Let the Right One In: A Microeconomic Approach to Partner Choice in Mutualisms By: Marco Archetti, Francisco Ubeda, Drew Fudenberg, Jerry R. Green, Naomi E. Pierce and Douglas W. Yu
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