A new conformity effect in a beauty-contest game set in a complex environment biases groups toward exploration or status-quo based on interaction networks, allowing decentralized organizations to reach profit maximization.
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2 Pith papers cite this work. Polarity classification is still indexing.
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The paper establishes an equivalence between experiments and Kolotilin-style persuasion mechanisms when the receiver has costly attention and supermodular utility in information and effort, with optimal strategies censoring favorable states.
citing papers explorer
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Coordination in complex environments
A new conformity effect in a beauty-contest game set in a complex environment biases groups toward exploration or status-quo based on interaction networks, allowing decentralized organizations to reach profit maximization.
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Persuading an inattentive and privately informed receiver
The paper establishes an equivalence between experiments and Kolotilin-style persuasion mechanisms when the receiver has costly attention and supermodular utility in information and effort, with optimal strategies censoring favorable states.