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The commitment power of senders distinguishes Bayesian persuasion problems from other games with (strategic) communication. Persuasion games with multiple senders have largely studied simultaneous commitment and signalling settings.…

Theoretical Economics · Economics 2022-02-15 Shih-Tang Su , Vijay G. Subramanian

Strategic behaviour is one of the main explanations for cost overruns. It can theoretically be supported by agency theory, in which strategic behaviour is the result of asymmetric information between the principal and agent. This paper…

General Finance · Quantitative Finance 2013-07-09 Chantal C. Cantarelli , Caspar G. Chorus , Scott W. Cunningham

This paper examines signalling when the sender exerts effort and receives benefits over time. Receivers only observe a noisy public signal about the effort, which has no intrinsic value. The modelling of signalling in a dynamic context…

Economics · Quantitative Finance 2018-08-17 Sander Heinsalu

Cooperation for public goods poses a dilemma, where individuals are tempted to free ride on others' contributions. Classic solutions involve monitoring, reputation maintenance and costly incentives, but there are important collective…

Physics and Society · Physics 2020-04-30 Jeroen Bruggeman , Rudolf Sprik , Rick Quax

This paper proposes a model to explain the potential role of inter-group conflicts in determining the rise and fall of signaling norms. Individuals in a population are characterized by high and low productivity types and they are matched in…

Populations and Evolution · Quantitative Biology 2023-08-08 Ethan Holdahl , Jiabin Wu

We study dynamic signaling when the informed party does not observe the signals generated by her actions. A long-run player signals her type continuously over time to a myopic second player who privately monitors her behavior; in turn, the…

Theoretical Economics · Economics 2020-07-31 Gonzalo Cisternas , Aaron Kolb

Human sociality depends upon the benefits of mutual aid and extensive communication. However mutual aid is made difficult by the problems of coordinating diverse norms and preferences, and communication is harried by substantial ambiguity…

Physics and Society · Physics 2015-11-17 Paul E. Smaldino , Thomas J. Flamson , Richard McElreath

Reputation is one of key mechanisms to maintain human cooperation, but its analysis gets complicated if we consider the possibility that reputation does not reach consensus because of erroneous assessment. The difficulty is alleviated if we…

Physics and Society · Physics 2022-07-13 Sanghun Lee , Yohsuke Murase , Seung Ki Baek

Costly pre-play messages can deter unnecessary wars - but the same messages can also entrench stalemates once violence begins. We develop an overlapping-generations model of a security dilemma with persistent group types (normal vs bad),…

Theoretical Economics · Economics 2025-11-18 Andrei Gyarmathy , Georgy Lukyanov

Communication is rarely perfect, but rather prone to error of transmission and reception. Often the origin of these errors cannot be properly quantified and is thus imprecisely known. We analyze the impact of an ambiguous noise which may…

Theoretical Economics · Economics 2023-11-22 Gerrit Bauch

A basic lesson from game theory is that strategic behavior often renders the equilibrium outcome inefficient. The recent literature of information design -- a.k.a. signaling or persuasion -- looks to improve equilibria by providing…

Computer Science and Game Theory · Computer Science 2020-09-29 James Nachbar , Haifeng Xu

We consider a sequential problem in decentralized detection. Two observers can make repeated noisy observations of a binary hypothesis on the state of the environment. At any time, any of the two observers can stop and send a final message…

Optimization and Control · Mathematics 2015-03-17 Ashutosh Nayyar , Demosthenis Teneketzis

Classical second order models of pedestrian dynamics, like the social-force model, suffer from various unrealistic behaviors in the dynamics, e.g. backward motion, oscillations and overlapping of pedestrians. These effects are not related…

Physics and Society · Physics 2019-11-19 Jakob Cordes , Andreas Schadschneider , Antoine Tordeux

Signaling is an important topic in the study of asymmetric information in economic settings. In particular, the transparency of information available to a seller in an auction setting is a question of major interest. We introduce the study…

Computer Science and Game Theory · Computer Science 2012-04-26 Yuval Emek , Michal Feldman , Iftah Gamzu , Renato Paes Leme , Moshe Tennenholtz

The notion that economies should normally be in equilibrium is by now well-established; equally well-established is that economies are almost never precisely in equilibrium. Using a very general formulation, we show that under dynamics that…

General Finance · Quantitative Finance 2012-02-28 Eric Kemp-Benedict

The problem of detecting the presence of a signal that can lead to a disaster is studied. A decision-maker collects data sequentially over time. At some point in time, called the change point, the distribution of data changes. This change…

Signal Processing · Electrical Eng. & Systems 2023-03-07 Tim Brucks , Taposh Banerjee , Rahul Mishra

Digital network failures stemming from instabilities in measurements of temporal order motivate attention to concurrent events. A century of attempts to resolve the instabilities have never eliminated them. Do concurrent events occur at…

Physics and Society · Physics 2025-11-18 John M. Myers , Hadi Madjid

In many matching markets, one side "applies" to the other, and these applications are often expensive and time-consuming (e.g. students applying to college). It is tempting to think that making the application process easier should benefit…

Computer Science and Game Theory · Computer Science 2016-12-30 S. Matthew Weinberg , James Zou

Firms strategically disclose product information in order to attract consumers, but recipients often find it costly to process all of it, especially when products have complex features. We study a model of competitive information disclosure…

Theoretical Economics · Economics 2020-02-04 Vasudha Jain , Mark Whitmeyer

This paper describes a new mechanism that might help with defining pattern sequences, by the fact that it can produce an upper bound on the ensemble value that can persistently oscillate with the actual values produced from each pattern.…

Neural and Evolutionary Computing · Computer Science 2019-01-04 Kieran Greer
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