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Decision makers lacking crucial specialist know-how often consult with better informed but biased experts. In our model the decision maker's choice problem is binary and her preferred option depends on the state of the world unknown to her. The expert observes the state and sends a report to the...
Persistent link: https://www.econbiz.de/10011430094
When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in the sense that their preferences are closely aligned to the policy maker's preferences, and some advisers are bad. Recently, some...
Persistent link: https://www.econbiz.de/10010325563
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This paper presents a framework to understand the impact of scientific knowledge on the policy-making process, focusing on the conceptual impact. We note the continuing dissatisfaction with the quality and effects of science-policy interactions in both theory and practice. We critique the...
Persistent link: https://www.econbiz.de/10012287268
Persistent link: https://www.econbiz.de/10010296200
The article shows by various examples how consumers of statistical information may be confused when this information is presented in terms of conditional probabilities. It also shows how this confusion helps others to lie with statistics, and it suggests how either confusion or lies can be...
Persistent link: https://www.econbiz.de/10010296618
(nämlich auf metrisch eingipflige Präferenzen) einschränkt. Um ferner zu untersuchen, wie anfällig für Manipulation sowohl … stark manipulierbar sind, als auch solche Regeln, unter denen das Auftreten und die Effekte von Manipulation gering …
Persistent link: https://www.econbiz.de/10011889538
Manager zu hoher Manipulation tendiert, wenn die Wahrscheinlichkeit, einen Bonus zu erzielen, im Zeitablauf stark schwankt …
Persistent link: https://www.econbiz.de/10010263417
Many political commentators diagnose an increasing polarization of the U.S. electorate into two opposing camps. However, in standard spatial voting models, changes in the political preference distribution are irrelevant as long as the position of the median voter does not change. We show that...
Persistent link: https://www.econbiz.de/10010263978
This paper presents two new tools for the identification of faking interviewers in surveys. One method is based on Benford?s Law, and the other exploits the empirical observation that fakers most often produce answers with less variability than could be expected from the whole survey. We focus...
Persistent link: https://www.econbiz.de/10010277054