Optimal communication

Stephen Morris; Hyun Song Shin

doi:10.1162/jeea.2007.5.2-3.594

Optimal communication

Stephen Morris
, Hyun Song Shin

Research output: Contribution to journal › Article › peer-review

53 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 language	English (US)
Pages (from-to)	594-602
Number of pages	9
Journal	Journal of the European Economic Association
Volume	5
Issue number	2-3
DOIs	https://doi.org/10.1162/jeea.2007.5.2-3.594
State	Published - Apr 2007

All Science Journal Classification (ASJC) codes

General Economics, Econometrics and Finance

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10.1162/jeea.2007.5.2-3.594

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Optimal communication

Abstract

All Science Journal Classification (ASJC) codes

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