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Two-dimensional conflicts of interest and information transmission in cheap talk models with outside options

Research Project

Project/Area Number 16K03549
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic theory
Research InstitutionKyoto University

Principal Investigator

Chiba Saori  京都大学, 経済学研究科, 講師 (50770880)

Research Collaborator LIPMAN Barton  
LEONG Kaiwen  
SHER Chien-Yuan  
Project Period (FY) 2016-04-01 – 2019-03-31
Project Status Completed (Fiscal Year 2018)
Budget Amount *help
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2018: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2017: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2016: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Keywordsゲーム理論チープトークモデル / アウトサイドオプション / 情報伝達 / 組織運営 / 利益相反 / 相関関係 / 情報構造 / 2次元利益相反 / アクションバイアス / パンダリング / ミクロ経済学ゲーム理論 / チープトーク
Outline of Final Research Achievements

We have added an element to the Crawford and Sobel (1982) (CS) model of cheap talk. Unlike in CS, an uninformed decision maker may respond to a message of an informed sender by selecting an outside option of no action, yielding state-independent reservation utilities to the players. We have shown that the outside option makes the bias two-dimensional. As a result, contrary to CS, the informativeness of communication is not always decreasing with the level of bias over actions. With a smaller bias, the expert may have a larger incentive to hide information and avoid the outside option. If we consider discrete actions and states, the outside option causes pandering incentives that the expert recommends the decision maker’s ex-ante preferred action to avoid no action. We have extended these models to argue issues such as expert selection and delegation. Besides, we have studied two-sided communications, group decision making, organizational languages, and marketing communications.

Academic Significance and Societal Importance of the Research Achievements

組織運営の効率化、特に、組織内の情報を効率的に集約して意思決定に反映させることに関わる諸問題について、経済学ゲーム理論の枠組みを用いて分析した。 具体的には、アウトサイドオプション付きチープトークモデルを用い、既存研究が不十分な、アクションバイアスとアウトサイドオプションに因る利益相反が融合された状況を数値モデル化し、更に、権限の委譲、双方向の情報伝達、グループ意思決定、といった応用問題も分析し、新たな結果を示した。そして、経営者と一般社員の間の情報の流れの調整、分権化と集権化の調整、或いは、合議制と独任制の調整といった、企業経営における長年の課題の解決にも新たな知見を加えた。

Report

(4 results)
  • 2018 Annual Research Report   Final Research Report ( PDF )
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (23 results)

All 2018 2017 2016 Other

All Int'l Joint Research (6 results) Journal Article (4 results) (of which Int'l Joint Research: 2 results,  Open Access: 3 results,  Peer Reviewed: 1 results) Presentation (12 results) (of which Int'l Joint Research: 6 results,  Invited: 2 results) Remarks (1 results)

  • [Int'l Joint Research] Nanyang Technological University(Singapore)

    • Related Report
      2017 Research-status Report
  • [Int'l Joint Research] National Sun Yat-Sen University(Taiwan)

    • Related Report
      2017 Research-status Report
  • [Int'l Joint Research] Fudan University(China)

    • Related Report
      2017 Research-status Report
  • [Int'l Joint Research] Nanyang Technological University(Singapore)

    • Related Report
      2016 Research-status Report
  • [Int'l Joint Research] Universita Ca’ Foscari Venezia(Italy)

    • Related Report
      2016 Research-status Report
  • [Int'l Joint Research] Fudan University(China)

    • Related Report
      2016 Research-status Report
  • [Journal Article] Information Aggregation and Countervailing Biases in Organizations2018

    • Author(s)
      CHIBA, Saori, & LEONG, Kaiwen
    • Journal Title

      Kyoto University, Graduate School of Economics, Discussion Paper

      Volume: E-18-007 Pages: 1-31

    • Related Report
      2018 Annual Research Report
    • Open Access / Int'l Joint Research
  • [Journal Article] Hidden Profiles and Persuasion Cascades in Group Decision-Making2018

    • Author(s)
      CHIBA, Saori
    • Journal Title

      Kyoto University, Graduate School of Economics, Discussion Paper

      Volume: E-18-001 Pages: 1-41

    • Related Report
      2018 Annual Research Report
    • Open Access
  • [Journal Article] Vagueness of Language: Indeterminacy under Two-Dimensional State Uncertainty2018

    • Author(s)
      CHIBA, Saori
    • Journal Title

      Kyoto University, Graduate School of Economics, Discussion Paper

      Volume: E-18-001 Pages: 1-36

    • Related Report
      2018 Annual Research Report
    • Open Access
  • [Journal Article] Behavioral Economics of Crime Rates and Punishment Levels2016

    • Author(s)
      Saori Chiba and Kaiwen Leong
    • Journal Title

      Journal of Institutional and Theoretical Economics

      Volume: 172(4) Issue: 4 Pages: 727-754

    • DOI

      10.1628/093245616x14631368691817

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Int'l Joint Research
  • [Presentation] Information Aggregation and Countervailing Biases in Organizations2018

    • Author(s)
      CHIBA, Saori
    • Organizer
      2018 EEA-ESEM (71st European Meeting of the Econometric Society)
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Information Aggregation and Countervailing Biases in Organizations2018

    • Author(s)
      CHIBA, Saori
    • Organizer
      EARIE 2018 (45th Annual Conference of the European Association for Research in Industrial Economics)
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Two-sided Strategic Information Transmission2018

    • Author(s)
      CHIBA, Saori
    • Organizer
      Japan-German Workshop on Contracts and Incentives
    • Related Report
      2018 Annual Research Report
    • Invited
  • [Presentation] Can a lengthy application title make your application successful? A perspective of information theory2018

    • Author(s)
      Saori Chiba
    • Organizer
      The 2nd Joint Economics Symposium of 4 Leading Universities in Taiwan and Japan
    • Related Report
      2017 Research-status Report
    • Invited
  • [Presentation] Hidden Profiles and Persuasion Cascades in Group Decision-Making2017

    • Author(s)
      Saori Chiba
    • Organizer
      2017 EEA-ESEM (32nd Annual Congress of the European Economic Association)
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Cheap Talk with Countervailing Conflicts of Interest2016

    • Author(s)
      Saori Chiba
    • Organizer
      10th Japan-Taiwan-Hong-Kong Contract Theory Conference
    • Place of Presentation
      Tainan, Taiwan
    • Related Report
      2016 Research-status Report
  • [Presentation] Cheap Talk with Countervailing Conflicts of Interest2016

    • Author(s)
      Saori Chiba
    • Organizer
      UECE Lisbon Meetings in Game Theory and Applications 2016
    • Place of Presentation
      Lisbon, Portogal
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] Hidden Profile and Persuasion Cascades in Group Decision Making2016

    • Author(s)
      千葉早織
    • Organizer
      日本経済学会秋季大会
    • Place of Presentation
      早稲田、日本
    • Related Report
      2016 Research-status Report
  • [Presentation] Hidden Profile and Persuasion Cascades in Group Decision Making2016

    • Author(s)
      Saori Chiba
    • Organizer
      2016 Asian Meeting of the Econometric Society
    • Place of Presentation
      京都、日本
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] Cheap Talk with Countervailing Conflicts of Interest2016

    • Author(s)
      千葉早織
    • Organizer
      第22回DCコンファレンス
    • Place of Presentation
      京都、日本
    • Related Report
      2016 Research-status Report
  • [Presentation] Hidden Profile and Persuasion Cascades in Group Decision Making2016

    • Author(s)
      Saori Chiba
    • Organizer
      2016 Australasia Meeting of the Econometric Society
    • Place of Presentation
      Sydney, Australia
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Presentation] Countervailing Conflicts of Interest in Delegation Games2016

    • Author(s)
      千葉早織
    • Organizer
      日本経済学会春季大会
    • Place of Presentation
      名古屋、日本
    • Related Report
      2016 Research-status Report
  • [Remarks] Saori Chiba Research

    • URL

      http://www.econ.kyoto-u.ac.jp/~chiba/research.html

    • Related Report
      2018 Annual Research Report 2017 Research-status Report 2016 Research-status Report

URL: 

Published: 2016-04-21   Modified: 2022-02-22  

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