Noisytalk . com : Broadcasting Opinions in a Noisy Environment

@inproceedings{Admati2001NoisytalkC,
  title={Noisytalk . com : Broadcasting Opinions in a Noisy Environment},
  author={Anat R. Admati and Paul C. Pfleiderer},
  year={2001}
}
We analyze a model where an altruistic sender, who may or may not be informed, broadcasts one of a finite set of messages to rational receivers. If broadcasting is costless and the sender is rational, there is an informationally efficient equilibrium, but this equilibrium is not necessarily unique nor symmetric. If the sender is overconfident, he tends to… CONTINUE READING