Experiments versus Distributions of Posteriors

9 Pages Posted: 6 Apr 2022 Last revised: 10 Jul 2023

See all articles by Stefan Terstiege

Stefan Terstiege

Maastricht University - Department of Economics

Cédric Wasser

University of Basel - Faculty of Business and Economics

Date Written: June 7, 2023

Abstract

A fundamental result in Bayesian persuasion and information design states that a distribution of posterior beliefs can be induced by an experiment if and only if the posterior beliefs average to the prior belief. We present a general version of this result that applies to infinite state and signal spaces.

Keywords: experiments, Bayesian persuasion, information design

JEL Classification: D81, D83

Suggested Citation

Terstiege, Stefan and Wasser, Cédric, Experiments versus Distributions of Posteriors (June 7, 2023). Available at SSRN: https://ssrn.com/abstract=4060961 or http://dx.doi.org/10.2139/ssrn.4060961

Stefan Terstiege

Maastricht University - Department of Economics ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands

Cédric Wasser (Contact Author)

University of Basel - Faculty of Business and Economics ( email )

Peter Merian-Weg 6
Basel, 4002
Switzerland

HOME PAGE: http://www.cedricwasser.net

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