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The essential ranking of decision rules in small panels of experts

Karotkin, Drora; Nitsan, Shemuʾel; Paroush, Jacob - 1988

Persistent link: https://www.econbiz.de/10000783966

Credence goods, costly diagnosis, and subjective evaluation

Bester, Helmut; Dahm, Matthias - 2014

We study contracting between a consumer and an expert. The expert can invest in diagnosis to obtain a noisy signal about whether a low-cost service is sufficient or whether a high-cost treatment is required to solve the consumerś problem. This involves moral hazard because diagnosis effort and...

Persistent link: https://www.econbiz.de/10010429934

Judicial attitudes under shifting jurisprudence : evidence from Brazil's new drug law of 2006

Castro, Alexandre Samy de - 2021

This paper exploits the diversity of panels at the court of appeals in the state of São Paulo to address the role of career backgrounds and ideology in shaping the response of judicial decisions to a major shift in jurisprudence on drug offenses. The Brazilian constitution reserves 80% of the...

Persistent link: https://www.econbiz.de/10012594625

Why do people pay for useless advice?

Powdthavee, Nattavudh; Riyanto, Yohanes Eko - 2012

Persistent link: https://www.econbiz.de/10009554805

Over-caution of large committees of experts

Midjord, Rune; Rodríguez Barraquer, Tomás; Valasek, Justin - 2013

We provide an explanation for why committees may behave over-cautiously. A committee of experts makes a decision on a … evidence and the best practices of the experts' common discipline, which is only indirectly related to the true state of the … dieser Innovation durch jeden Experten erfolgt auf der Grundlage dessen, was in der gemeinsamen Disziplin als allgemein …

Persistent link: https://www.econbiz.de/10010195361

First impressions matter : signalling as a source of policy dynamics

Hansen, Stephen; McMahon, Michael - 2011

Persistent link: https://www.econbiz.de/10009298215

Can a bonus overcome moral hazard? : an experiment on voluntary payments, competition, and reputation in markets for expert services

Angelova, Vera; Regner, Tobias - 2017

Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...

Persistent link: https://www.econbiz.de/10011697162

In vi(vi)no veritas? : expertise, review accuracy and reputation inflation

Janßen, Rebecca; Ribar, Matthew K. - 2024

Review systems including quantitative measures as well as text-based expression of experiences are omnipresent in today’s digital platform economy. This paper studies the existence of reputation inflation, i.e. unjustified increases in ratings, with a special focus of heterogeneity between...

Persistent link: https://www.econbiz.de/10014473251

Algorithmic advice as a credence good

Biermann, Jan; Horton, John J.; Walter, Johannes - 2022

Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much of the public debate concerning algorithms - especially the associated regulation of new technologies - rests on the assumption that humans can assess the quality of algorithms....

Persistent link: https://www.econbiz.de/10013499021

Enabling net-zero shipping : an expert review-based agenda for emerging techno-economic and policy research

Govindan, Kannan; Dua, Rubal; Anwar, AHM Mehbub; … - 2024

Persistent link: https://www.econbiz.de/10015077735

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