Signaling With Commitment

We study the canonical signaling game, endowing the sender with commitment power: before learning the state, sender designs a strategy, which maps the state into a probability distribution over actions. We provide a geometric characterization of the sender's attainable payoffs, described by the...

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Bibliographic Details
Published inarXiv.org
Main Authors Boleslavsky, Raphael, Shadmehr, Mehdi
Format Paper
LanguageEnglish
Published Ithaca Cornell University Library, arXiv.org 20.03.2024
Subjects
Signaling
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Summary:We study the canonical signaling game, endowing the sender with commitment power: before learning the state, sender designs a strategy, which maps the state into a probability distribution over actions. We provide a geometric characterization of the sender's attainable payoffs, described by the topological join of the graphs of the interim payoff functions associated with different sender actions. We extend the sender's commitment power to the design of a communication protocol, characterizing whether and how sender benefits from revealing information about the state, beyond what is inferred from his action. We apply our results to the design of adjudication procedures, rating or grading systems, and sequencing algorithms for online platforms.
ISSN:2331-8422