Portal de Periódicos da CAPES

A Rothschild-Stiglitz Approach to Bayesian Persuasion

2016; American Economic Association; Volume: 106; Issue: 5 Linguagem: Inglês

10.1257/aer.p20161049

1944-7981

Matthew Gentzkow, Emir Kamenica,

Game Theory and Voting Systems

Rothschild and Stiglitz (1970) represent random variables as convex functions (integrals of the cumulative distribution function). Combining this representation with Blackwell's Theorem (1953), we characterize distributions of posterior means that can be induced by a signal. This characterization provides a novel way to analyze a class of Bayesian persuasion problems.