Showing 1 - 10 of 90
Experts with reputational concerns, even good ones, are averse to admitting what they don't know. This diminishes our … trust in experts and, in turn, the role of science in society. We model the strategic communication of uncertainty, allowing … equilibrium, our model sheds new light on old results about the challenge of getting experts to admit uncertainty - even when it …
Persistent link: https://www.econbiz.de/10012480647
discuss the survey instrument, explain how experts were identified, and present results. I obtain SCC estimates of $200/mt or … higher, but the variation across experts is large. Trimming outliers and focusing on experts who expressed a high degree of …
Persistent link: https://www.econbiz.de/10012455873
behavioral experts regarding the effectiveness of the treatments, allowing us to compare results to expectations. We find that (i … compare the results to forecasts by 208 experts. On average, the experts anticipate several key features, like the … effectiveness of psychological motivators. A sizeable share of experts, however, expects crowd-out, probability weighting, and pure …
Persistent link: https://www.econbiz.de/10012456482
Physicians, acting in their role as experts, are often faced with situations where they must trade off personal and …
Persistent link: https://www.econbiz.de/10012456504
combines these methods by using observed decisions by experts to reduce the demensionality of the feature space and allow the … categorization of decisions by their propensity score. The fact that the human capital of experts is heterogeneous implies that …
Persistent link: https://www.econbiz.de/10012456551
Local opinion leaders may play a key role in easing information frictions associated with technology adoption. This paper analyzes the influence of physician investigators who lead clinical trials for new cancer drugs. By comparing diffusion patterns across 21 new cancer drugs, we separate...
Persistent link: https://www.econbiz.de/10012457788
Most interpretations of prevalent counterinsurgency theory imply that increasing government services will reduce rebel violence. Empirically, however, development programs and economic activity sometimes yield increased violence. Using new panel data on development spending in Iraq, we show that...
Persistent link: https://www.econbiz.de/10012459891
We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which … price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions … independent experts, despite doing substantially less business. In addition, more experienced experts attract more complaints per …
Persistent link: https://www.econbiz.de/10012460054
-world economic settings has been difficult to measure. We estimate the extent of a cognitive bias, confirmatory bias, among experts …
Persistent link: https://www.econbiz.de/10012460595
Consider an environment where long-lived experts repeatedly interact with short-lived customers. In periods when an … appropriate. We find that there exists an equilibrium in which experts always play truthfully and choose the customer's preferred …If experts have private information regarding their own payoffs as well as what treatments are appropriate, then there …
Persistent link: https://www.econbiz.de/10012463727