MET Seminar - Peter Klibanoff (Northwestern)
| Dates: | 14 May 2025 |
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| Times: | 17:00 - 18:00 |
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| What is it: | Seminar |
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| Organiser: | School of Social Sciences |
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| Who is it for: | University staff, Current University students |
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Title: Persuasion with Ambiguous Communication
Authors: Xiaoyu Cheng, Peter Klibanoff, Sujoy Mukerji and Ludovic Renou
Abstract: This paper explores whether and to what extent ambiguous communication can be beneficial to the sender in a persuasion problem, when the receiver (and possibly the sender) is ambiguity averse. We provide a concavification-like characterization of the sender’s optimal ambiguous communication. The characterization highlights the necessity of using a collection of experiments that form a splitting of an obedient (i.e., incentive compatible) experiment. Some experiments in the collection must be Pareto-ranked in the sense that both players agree on their payoff ranking. The existence of a binary such Pareto-ranked splitting is necessary for ambiguous communication to benefit the sender, and, if an optimal Bayesian persuasion experiment can be split in this way, this is sufficient for an ambiguity-neutral sender as well as the receiver to benefit. Such gains are impossible when the receiver has only two actions. The possibility of gains is substantially robust to (non-extreme) sender ambiguity aversion.
Contact: sophie.kreutzkamp@manchester.ac.uk
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