Experiments versus Distributions of Posteriors
9 Pages Posted: 6 Apr 2022 Last revised: 10 Jul 2023
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: 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
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