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Rational Exaggeration in Information Aggregation Games AgEcon
Rausser, Gordon C.; Simon, Leo K.; Zhao, Jinhua.
This paper studies a class of information aggregation models which we call “aggregation games.” It departs from the related literature in two main respects: information is aggregated by averaging rather than majority rule, and each player selects from a continuum of reports rather than making a binary choice. Each member of a group receives a private signal, then submits a report to the center, who makes a decision based on the average of these reports. The essence of an aggregation game is that heterogeneous players engage in a “tug-of-war,” as they attempt to manipulate the center’s decision process by mis-reporting their private information. When players have distinct biases, almost of them rationally exaggerate the extent of these biases. The degree of...
Tipo: Working or Discussion Paper Palavras-chave: Information aggregation; Majority rule; Proportional representation; Mean versus median mechanism; Strategic communication; Incomplete information games; Strategic information transmission; Research Methods/ Statistical Methods; F71; D72; D82.
Ano: 2008 URL: http://purl.umn.edu/43976
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The Relevance of Information Sources on Adoption of Precision Farming Technologies by Cotton Producers AgEcon
Garcia-Jimenez, Carlos I.; Mishra, Ashok K.; Paxton, Kenneth W.; Lambert, Dayton M.; Velandia, Margarita M.; Rejesus, Roderick M.; Segarra, Eduardo.
Replaced with revised version of paper 02/16/11.
Tipo: Conference Paper or Presentation Palavras-chave: Strategic communication; Competitiveness; Extension; Economics of information; Technology diffusion; Technology supply; Communication methods; Knowledge management; Production Economics; Research and Development/Tech Change/Emerging Technologies; Teaching/Communication/Extension/Profession; D22; D80; D82; D83; Q12; Q16.
Ano: 2010 URL: http://purl.umn.edu/98123
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