Reputational cheap talk
Research output: Contribution to journal › Journal article › Research › peer-review
Documents
- rct
Submitted manuscript, 353 KB, PDF document
We analyze information reporting by a privately informed expert concerned about being perceived to have accurate information. When the expert's reputation is updated on the basis of the report as well as the realized state, the expert typically does not wish to truthfully reveal the signal observed. The incentives to deviate from truthtelling are characterized and shown to depend on the information structure. In equilibrium, experts can credibly communicate only part of their information. Our results also hold when experts have private information about their own accuracy and care about their reputation relative to others
Original language | English |
---|---|
Journal | RAND Journal of Economics |
Volume | 37 |
Issue number | 1 |
Pages (from-to) | 155-175 |
ISSN | 0741-6261 |
Publication status | Published - 2006 |
- Faculty of Social Sciences - reputation, equilibrium
Research areas
Links
- http://proquest.umi.com/pqdlink?did=1105985131&sid=2&Fmt=2&clientId=16141&RQT=309&VName=PQD
Final published version
Number of downloads are based on statistics from Google Scholar and www.ku.dk
No data available
ID: 314073