Optimal communication

• 成果类型: Article; Proceedings Paper
• 署名作者: Morris, Stephen; Shin, Hyun Song
• 署名单位: Princeton University
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1162/jeea.2007.5.2-3.594
• 发表日期: 2007
• 页码: 594-602
• 关键词: coordination; RECOGNITION

摘要

Optimal communication to a group often entails a trade-off between precision of information conveyed and common understanding (or approximate common knowledge) of the information within the group. We argue that an understanding of this trade-off is central in many contexts, including central bank communication and the design of accounting standards, as well as understanding the design of language itself.