Information Design Possibility Set

MaRDI QIDQ6300408zbMATH OpenFDO

Authors

Publication date 16 April 2018

Abstract: Let $mathcalV$ be the set of all combinations of expected value of finite objective functions from designing information. I showed that $mathcalV$ is a compact and convex set implemented by signal structures with finite support when unknown states are finite. Moreover, $mathcalV(mu)$ as a correspondence of prior is continuous. This result can be applied to develop a concavification method of Lagrange multipliers that works with general constrained optimization. It also provides tractability to a wide range of information design problems.

This page was built for publication: Information Design Possibility Set

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6300408)