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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
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Communicating preferences to improve recommendations
Habibi, Amir - 2023
) private information with sequential, two-way communication. In the first stage, the buyer communicates her private preferences …
Persistent link: https://www.econbiz.de/10014479178
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Lying to appear honest
Barron, Kai - 2019
This paper studies individual truth-telling behavior in the presence of multiple lying opportunities with heterogeneous stake sizes. The results show that individuals lie downwards (i.e. forgo money due to their lie) in low-stakes situations in order to signal honesty, and thereby mitigate the...
Persistent link: https://www.econbiz.de/10012111150
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In vi(vi)no veritas? : expertise, review accuracy and reputation inflation
Janßen, Rebecca; Ribar, Matthew K. - 2024
’s digital platform economy. This paper studies the existence of reputation inflation, i.e. unjustified increases in ratings … aware of the phenomenon of reputation inflation and simplifying feedback to one number might do a disservice to review …
Persistent link: https://www.econbiz.de/10014473251
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Signaling motives in lying games
Fries, Tilman - 2021
This paper studies the implications of agents signaling their moral type in a lying game. In the theoretical analysis, a signaling motive emerges where agents dislike being suspected of lying and where some types of liars are more stigmatized than others. The equilibrium prediction of the model...
Persistent link: https://www.econbiz.de/10012500269
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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
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Deceptive communication : direct lies vs. ignorance, partial-truth and silence
Alempaki, Despoina; Burdea, Valeria; Read, Daniel - 2023
In cases of conflict of interest, people can lie directly or evade the truth. We analyse this situation theoretically and test the key behavioural predictions in a novel sender-receiver game. We find senders prefer to deceive through evasion rather than direct lying, more so when evasion is a...
Persistent link: https://www.econbiz.de/10014495050
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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
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Collective brand reputation
Nocke, Volker; Strausz, Roland - 2022
We develop a theory of collective brand reputation for markets in which product quality is jointly determined by local …
Persistent link: https://www.econbiz.de/10013193845
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Reputation in contests
Cohen, Chen; Rabi, Ishay; Sela, Aner - 2024
Persistent link: https://www.econbiz.de/10015051212