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What is Enhancing Expert-Decision Maker Dialogue about?

The document summarizes a paper that examines strategic communication between an informed expert and an uninformed decision maker. It modifies the Crawford and Sobel model to allow for face-to-face conversation followed by a written report. The authors show that this additional communication leads to improved information transmission and Pareto dominant equilibria compared to the original model. Risk aversion plays a key role, as it makes gains from additional conversation more likely. Even when full inform

Author

Ashwin Nayak

Language

EN