On the optimality of diverse expert panels in persuasion games

B-Tier
Journal: Games and Economic Behavior
Year: 2018
Volume: 107
Issue: C
Pages: 345-363

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider a persuasion game where the decision-maker relies on a panel of biased experts. An expert's preference is parameterized by his ideal action, or agenda. Common intuition suggests that more information is revealed if the panel includes experts with opposed agendas, because such experts will undo each other's attempts to conceal unfavorable information. In contrast, we show that recruiting experts with diverse agendas is optimal only if the correlation between the experts' types—i.e., whether they are informed or not—is above a threshold. Moreover, if the experts' types are independent, under mild assumptions it is optimal to recruit experts who have extreme but identical agendas. These findings suggest that the diversity of preferences must be considered in conjunction with the diversity of information sources, and it is generally sub-optimal to seek diversity in both dimensions.

Technical Details

RePEc Handle
repec:eee:gamebe:v:107:y:2018:i:c:p:345-363
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24