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Best Garbling is No Garbling: Persuasion in Real Time

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  • Can Urgun
  • Mark Whitmeyer

Abstract

We study continuous-time persuasion where a sender controls both how informative a signal is over time and when to stop providing information to a receiver. Given an exogenous signal process, the sender can both garble the evolving signal path and delay the receiver's decision at a convex, increasing cost of time. We show that, although both instruments are available, any optimal persuasion scheme is fully transparent: the sender keeps the signal fully informative and persuades solely by choosing when to stop.

Suggested Citation

  • Can Urgun & Mark Whitmeyer, 2025. "Best Garbling is No Garbling: Persuasion in Real Time," Papers 2512.16850, arXiv.org.
    • Handle: RePEc:arx:papers:2512.16850
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    File URL: http://arxiv.org/pdf/2512.16850
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