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The perils of a coherent narrative

Author

Listed:
  • Alessandro Ispano

    (Université de Cergy-Pontoise, THEMA)

Abstract

persuader influences a decision-maker by providing a model for interpreting some upcoming news. The decision-maker adopts the model if it does not distort the marginal distribution of news. Both parties can benefit if the persuader can provide news contingent, overall incoherent, models, privately learn the truth, or design the process of news arrival.

Suggested Citation

  • Alessandro Ispano, 2022. "The perils of a coherent narrative," THEMA Working Papers 2022-13, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    • Handle: RePEc:ema:worpap:2022-13
    as

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    File URL: https://thema.u-cergy.fr/IMG/pdf/perils_2022-13v2.pdf
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    References listed on IDEAS

    as
    1. Ran Spiegler, 2016. "Bayesian Networks and Boundedly Rational Expectations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(3), pages 1243-1290.
    2. Kfir Eliaz & Ran Spiegler, 2020. "A Model of Competing Narratives," American Economic Review, American Economic Association, vol. 110(12), pages 3786-3816, December.
    3. Paul R. Milgrom, 1981. "Good News and Bad News: Representation Theorems and Applications," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 380-391, Autumn.
    4. Simone Galperti, 2019. "Persuasion: The Art of Changing Worldviews," American Economic Review, American Economic Association, vol. 109(3), pages 996-1031, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    interpretation; consistency; misspecification; manipulation; model; cognition.;
    All these keywords.

    JEL classification:

    • 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
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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