Date of Award

5-2023

Degree Type

Creative Project

Degree Name

Master of Science (MS)

Department

Economics and Finance

Committee Chair(s)

Lucas Rentschler

Committee

Lucas Rentschler

Committee

Matthew D. Meng

Committee

Todd Griffith

Abstract

When bridging between experts and audiences, media firms often have their own biases which give them the incentive to manipulate information deliveries. This paper studies a cheap talk game in which media firms(moderators) can strategically design the delivery of experts’ messages to decision makers. A moderator is allowed to affect the delivery of messages by selecting experts and informing the decision-maker about the experts’ biases. I show that moderators can in equilibrium send partition-type messages to inform the receiver of experts’ biases, and moderation can improve communication informativeness.

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