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New York Fed: 'Bayesian Persuasion and Cryptography'
May 15, 2026
NEW YORK, May 15 (TNSLrpt) -- The Federal Reserve Bank of New York issued the following staff report (No. 1194) in May 2026 by Pablo Azar entitled "Bayesian Persuasion and Cryptography."

Here are excerpts:

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Bayesian Persuasion assumes that a sender can commit ex ante to an information structure and then release the realized signal ex post. This paper asks when that commitment technology can itself be implemented. After observing the state, a . . .

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