Strategic Information Acquisition and Transmission
研究了在策略沟通中,决策者获取信息成本高昂时,听取有偏专家的建议反而可能比直接获取信息更精确,即使专家效率并不更高。这对组织设计有重要启示。
This paper explores the implications of costly information acquisition in a strategic communication setting. We show that equilibrium decisions based on a biased expert's advice may be more precise than when information is directly acquired by the decision maker, even if the expert is not more efficient than the decision maker at acquiring information. This result bears important implications for organization design. Communication by an expert to a decision maker may often outperform delegation of the decision-making authority to the expert, as well as centralization by the decision maker of both information acquisition and decision-making authority.