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Bayesian Persuasion and Information Design

In: BAYESIAN PERSUASION

Author

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  • Emir Kamenica

Abstract

A school may improve its students’ job outcomes if it issues only coarse grades. Google can reduce congestion on roads by giving drivers noisy information about the state of traffic. A social planner might raise everyone’s welfare by providing only partial information about solvency of banks. All of this can happen even when everyone is fully rational and understands the data-generating process. Each of these examples raises questions of what is the (socially or privately) optimal information that should be revealed. In this article, I review the literature that answers such questions.

Suggested Citation

  • Emir Kamenica, 2025. "Bayesian Persuasion and Information Design," World Scientific Book Chapters, in: BAYESIAN PERSUASION, chapter 9, pages 233-273, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819802982_0009
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    More about this item

    Keywords

    Bayesian Persuasion; Economic Theory; Information Economics; Information Design; Disclosure; Game Theory; Strategic Communication; Disclosure Regulation; Persuasion Games; Political Economy; Economic Behavior; Information Revelation; Collusion; Competition; Congestion; Manipulation of Beliefs; Rating Systems; Optimization;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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