This award funds research in economic theory. The research team seeks to use tools from game theory to model and analyze situations in which persuasion, credibility, and information design are important. In many different kinds of economic (and social) interactions, one or more parties provides information to others, but also has an interest in the outcome. For example, a firm marketing a new product provides information about the product's features and benefits to possible buyers, but obviously the firm also wants to make the sale.