Information transmission in voluntary disclosure games
Avi Lichtig, Ran Weksler
Abstract
Avi Lichtig, Ran Weksler
Abstract
Does a better-informed sender transmit more accurate information in equilibrium? We show that, in a general class of voluntary disclosure games, unlike other strategic communication environments, the answer is positive. If the sender's evidence is more Blackwell informative, then the receiver's equilibrium utility increases. We apply our main result to show that an uninformed sender who chooses a test from a Blackwell-ordered set does so efficiently.
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Does a better-informed sender transmit more accurate information in equilibrium? We show that, in a general class of voluntary disclosure games, unlike other strategic communication environments, the answer is positive. If the sender's evidence is more Blackwell informative, then the receiver's equilibrium utility increases. We apply our main result to show that an uninformed sender who chooses a test from a Blackwell-ordered set does so efficiently.
Key concepts: Communication source, Information transmission, Cheap talk, Class (philosophy), Set (abstract data type), Transmission (telecommunications), Mathematical economics, Signaling game