Rational exaggeration and counter-exaggeration in information aggregation games
نویسندگان
چکیده
منابع مشابه
Rational exaggeration and counter-exaggeration in information aggregation games
We study an information aggregation game in which each of a finite collection of “senders” receives a private signal and submits a report to the center, who then makes a decision based on the average of these reports. The integration of three features distinguishes our framework from the related literature: players’ reports are aggregated by a mechanistic averaging rule, their strategy sets are...
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This paper studies a class of decision-making problems under incomplete information which we call “aggregation games.” It departs from the mainstream information aggregation literature in two respects: information is aggregated by averaging rather than majority rule, and each player selects from a continuum of reports rather than making a binary choice. Each member of a group receives a private...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2015
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-015-0870-2