The original robust value frontier, support-wise linear-programming algorithm, and binary-action fractional-knapsack specialization are embedded into this implementation framework and embeds the original robust value frontier, support-wise linear-programming algorithm, and binary-action fractional-knapsack specialization into this implementation framework.
Abstract
As an extension of existing Bayesian persuasion framework with inadequate message mechanism, we study direct recommendation when a sender is bound by an installed information policy only with probability $\rho$, the realization of binding is hidden, and the receiver does not observe the persistent structural environment. The receiver first sees a payoff-neutral, nonmanipulable calibration sample and then faces a fresh, non-certified deployment interaction. In common, the calibration law identifies only the receiver-facing reduced form, not the latent binding and discretionary kernels. We characterize type-wise $\rho$-implementability, construct the receiver's posterior over the full deployment node, and prove a static direct-following implementation theorem. After every calibration history that passes a posterior-predictive obedience test, the deployment assessment is an exact perfect Bayesian equilibrium: Bayes consistency, receiver sequential rationality, sender sequential rationality, and off-path completion are all verified. Under finite-type separation, common recommendation support, and a positive obedience margin, the test activates such an equilibrium with high probability. Our results keep statistical failure probability distinct from equilibrium approximation. Finally, we embed the original robust value frontier, support-wise linear-programming algorithm, and binary-action fractional-knapsack specialization into this implementation framework
Revelation Control is the problem of choosing priced interventions that reveal hidden state only insofar as the revealed distinctions can change a consequential decision, while accounting separately for any useful progress created by the intervention itself. We develop this theory for learning systems, where states equ...
This study develops a two-period regulatory model in which precautionary capital, information-producing reporting, provider participation, and supervisory architecture are chosen jointly. Reporting may produce a verified signal before continuation capital is set, but it also entails direct, participation, and fixed set...
Edmund Mallinguh· Journal of Risk and Financia...· 0 citations
We study a resolution problem in local asymptotic decision theory: individual risks may admit Gaussian approximations that do not determine their vanishing difference. A finite menu of experiments is installed before context disclosure, although observations may be routed adaptively afterward. A greatest-element Blackw...
The myopic escalation threshold is derived in closed form, characterise the optimal policy via dynamic programming, and it is proved that the optimal policy is a time-varying threshold with no shape assumption on the raw signal.
We extend the standard Principal-Agent framework to scenarios where the Agent selects from a suite of technologies, each characterized by a distinct cost-capability profile. This framework is increasingly critical in the era of Large Language Models (LLMs), where Agents choose both a model and an associated effort leve...
An institution that cannot compel disclosure can still allocate exposure. We study two opposed advocates who select verifiable observations and a receiver who averages the selected record without correcting for selection. The institution commits exposure before the state and evidence are known; each withheld item's ass...
Qian Cao, Yi-Fei Sun· 0 citations
We use cookies to run the site and, with your consent, for analytics and to show ads.
See our Cookie Policy.