Why do people give less weight to advice the further it is from their initial opinion?
Year of publication: |
2010-04-16
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Authors: | Ravazzolo, Francesco ; Røisland, Øistein |
Institutions: | Norges Bank |
Subject: | Distance effect | Policy decision making | Signal extraction | Uncertainty |
Series: | |
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Type of publication: | Book / Working Paper |
Notes: | First version: Number 2010/04 17 pages |
Classification: | C11 - Bayesian Analysis ; D78 - Positive Analysis of Policy-Making and Implementation ; D82 - Asymmetric and Private Information ; D83 - Search, Learning, Information and Knowledge |
Source: |
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Why Do People Give Less Weight to Advice the Further It Is from Their Initial Opinion?
Ravazzolo, Francesco, (2010)
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Policy makers, advisors, and reputation
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