On the value of persuasion by experts
Alonso, R.
& Câmara, O.
(2014).
On the value of persuasion by experts.
(USC Marshall School of Business Research Paper Series).
University of Southern California, Marshall School of Business.
& Câmara, O.
(2014).
On the value of persuasion by experts.
(USC Marshall School of Business Research Paper Series).
University of Southern California, Marshall School of Business.
A sender can influence the behavior of a receiver by controlling the informativeness of a public signal. We show that the sender cannot benefit from becoming an expert, that is, from privately learning some information about the state. We then show that in some instances an uninformed sender is ex-ante strictly better off than an expert sender.