• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Alexander Li
Optimal Expert Selection in Cheap-talk Games with Reputation Concerns
2018
This paper analyses a communication game between a decision-maker and a reputationally concerned expert. We study how the change in the initial reputation affects the behavior of experts in the presence of a non-revealing action. It is shown that an increase in initial reputation leads to less risk-averse behavior from the side of the experts. We further investigate optimal choices of consulting experts in a competitive setting. We discover that by increasing the number of experts to two, decision-maker can decrease the incentives for both experts to induce non-revealing action, resulting in more truthful reporting. We also derive that in order to maximize the value of expert’s advice the decision-maker should give full credibility to each of the experts’ messages and prioritize messages that induce the desired action.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses