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Information Design, Bayesian Persuasion and Bayes Correlated Equilibrium

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Abstract

A set of players have preferences over a set of outcomes. We consider the problem of an "information designer" who can choose an information structure for the players to serve his ends, but has no ability to change the mechanism (or force the players to make particular action choices). We describe a unifying perspective for information design. We consider a simple example of Bayesian persuasion with both an uninformed and informed receiver. We extend information design to many players and relate it to the literature on incomplete information correlated equilibrium.

Suggested Citation

  • Dirk Bergemann & Stephen Morris, 2016. "Information Design, Bayesian Persuasion and Bayes Correlated Equilibrium," Cowles Foundation Discussion Papers 2027, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:2027
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    References listed on IDEAS

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    More about this item

    Keywords

    Information design; Bayesian persuasion; Bayes correlated equilibrium; Information structure;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • 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

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