Benefiting from bias: Delegating to encourage information acquisition
研究了委托人如何通过向有偏见的代理人授权决策，来激励其获取信息，并刻画了最优授权集的特征，发现适度的偏见反而可能优于无偏见代理人。
A principal delegates decisions to a biased agent. Payoffs depend on a state that the principal cannot observe. Initially, the agent does not observe the state, but he can acquire information about it at a cost. We characterize the principal's optimal delegation set. This set features a cap on high decisions and a gap around the agent's ex ante favorite decision. It may even induce ex-post Pareto-dominated decisions. Under certain conditions on the cost of information acquisition, we show that the principal prefers delegating to an agent with a small bias than to an unbiased agent.