Ludovic Renou

dblp:07/11121 · DBLP profile ↗
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2ranked-venue papers
0as first author
2since 2021 · last 2024
0000-0002-7876-7610ORCID · verified

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Artificial intelligence and machine learning · 2 · 2 since 2021Theory of computation · 2 · 2 since 2021
YearPublicationVenuePosition
2024 Persuasion with Ambiguous Communication
abstract
This paper considers the problem of a sender who wishes to favorably influence, through strategic communication of information, the action taken by a receiver. As in the large literature on Bayesian persuasion following Kamenica and Gentzkow [2011] (see also Rayo and Segal [2010] and surveys by Bergemann and Morris [2019] and Kamenica [2019]), we model the sender as committing to a communication strategy and the receiver as best responding to that strategy. A communication strategy for the sender is usually described as a statistical experiment, a function mapping from payoff-relevant states to probability distributions over messages. The key departures from most of the literature and the focus of our analysis are that we enlarge the set of the sender's communication strategies to include ambiguous strategies - strategies for which, from the perspective of both sender and receiver, the probability that a given statistical experiment will be used to generate the signal is subjectively uncertain. Furthermore, the receiver (and possibly the sender as well) is assumed to be ambiguity averse, i.e., averse to this subjective uncertainty about these probabilities. In this paper, we explore whether and to what extent using ambiguous communication can be beneficial for the sender compared to standard, unambiguous communication.
Peter Klibanoff, Sujoy Mukerji, Ludovic Renou
EC4
2023 Which wage distributions are consistent with statistical discrimination?
abstract
In this paper, we propose a general non-parametric model of statistical discrimination in the labor market, and derive a test for statistical discrimination that only requires cross-sectional data on wages. There are two groups whose productivity distributions have identical means, but can otherwise be different. The group identity is observable to employers, but productivities are not. Instead, there are group-dependent statistical experiments that generate signals about the underlying productivity. Signals induce posterior productivity distributions (via Bayes' rule) and, in particular, these can be used to compute posterior estimates (the mean of the productivity conditional on the signal) of the unobserved productivity. Therefore, each group's statistical experiment generates a distribution over posterior productivity estimates. Wages are then determined via a strictly increasing, continuous function of the posterior productivity estimate that, importantly, does not depend on the group. We say that two wage distributions - one for each of the two groups - are consistent with statistical discrimination if they can be rationalized by this model.
Rahul Deb, Ludovic Renou
EC2