Optimal communication

Stephen Morris, Hyun Song Shin

Research output: Contribution to journalArticle

36 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)594-602
Number of pages9
JournalJournal of the European Economic Association
Volume5
Issue number2-3
DOIs
StatePublished - Apr 1 2007

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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