
arXiv: 2402.06765
A sender commits to an experiment to persuade a receiver. Accounting for the sender's experiment-choice incentives, and not presupposing a receiver tie-breaking rule when indifferent, we characterize when the sender's equilibrium payoff is unique and so coincides with her "Bayesian persuasion" value. A sufficient condition in finite models is that every action which is receiver-optimal at some belief is uniquely optimal at some other belief -- a generic property. We similarly show the equilibrium sender payoff is typically unique in ordered models. In an extension, we show uniqueness generates robustness to imperfect sender commitment.
FOS: Economics and business, Economics - Theoretical Economics, Theoretical Economics (econ.TH)
FOS: Economics and business, Economics - Theoretical Economics, Theoretical Economics (econ.TH)
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