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Partly Verifiable Signals (c.n.)
Glazer and Rubinstein (ECMA 2004)
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Glazer and Rubinstein persuasion game
State space finite with aspect Action space Sender always prefers Acceptance and rejection region Verification mechanism
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Preferences over Verification Mechanism
Fix Let R preferences over verification mechanisms Type one error Type two error Optimal mechanism solves
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L-principle Assume Consider any three types forming ``L’’
For any mechanism the sum of mistake probabilities is ``Mass of independent ``Ls’’ gives a lower bound for the number of mistakes Easy check of mechanism optimality
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Examples Examples - Optimal deterministic mechanism
- Optimal bubbling mechanism - Optimal stochastic mechanism We consider finite problems with uniform distributions Number of mistakes
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Direct deterministic mechanism
Let Number of independent L’s? Mechanism: Accept only if for at least one
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No verification Let Number of independent L’s?
Mechanism: reject regardless of message
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Stochastic vs deterministic mechanism
Let Consider three L’s Mechanism: Ask for two highest aspects, verify them with probability 0.5.
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Definitions Direct mechanism Conservative direct mechanism
Observation: Direct mechanism need not be truthful
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Auxiliary result Consider a problem
P1: There exist optimal mechanism for which vector solves C: is optimal iff implied solves Structure of the proof Byproduct: exists optimal mechanism that is direct and conservative.
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Properties of
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Proof
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Proof
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