Vagueness, Credibility, and Government Policy
探讨政府机构为何可能模糊政策目标，指出在精确与可信之间权衡时，提供真实但有限的信息可能是最优选择。
A discussion of the reasons why it may be in a government agency's--and society's--best interest to be vague about policy objectives. Using the concept of \\"cheap talk, \\" the author explains that when an agency faces a trade-off between precise and credible announcements, its best move may be to provide truthful but limited information.