American Economic Journal: Microeconomics
no. 4, November 2014
We consider a model of persuasion in which an agent who tries to persuade a decision maker can sequentially acquire imperfect signals. The agentâ€™s information acquisition is unobservable and he has the option to hide unfavorable signals. Nevertheless, if the signal
precision is sufficiently high, he can persuade the decision maker by
revealing a sufficiently large number of favorable signals. When the
number of signals that can be transmitted to the decision maker is
limited, persuasion is impossible if the agentâ€™s stakes are too high.
Felgenhauer, Mike, and Elisabeth Schulte.
"Strategic Private Experimentation."
American Economic Journal: Microeconomics,
Asymmetric and Private Information; Mechanism Design
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness