Persuasion with limited communication resources
Résumé
We consider a Bayesian persuasion problem where the persuader communicates with the decision maker through an imperfect communication channel. The channel has a fixed and limited number of messages and is subject to exogenous noise. Imperfect communication entails a loss of payoff for the persuader. We show that if the persuasion problem consists of a large number of independent copies of the same base problem, then the persuader achieves a better payoff by linking the problems together. We measure the payoff gain in terms of the capacity of the communication channel.
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