Decision makers lacking crucial specialist know-how often consult with better informed but biased experts. In our model …, and to situations with multiple experts and uncertainty about the size of the expert's bias. …

We introduce the notion of verifiable information into a model of sequential debate among experts who are motivated by … career concerns. We show that self-censorship may hamper the efficiency of information aggregation, as experts withhold … phenomenon, and the probability of the correct state of the world being revealed always converges to one as the group of experts …

quantity of potential adverse effects. We conduct a large-scale international survey among leading economic experts worldwide … to quantify the effect of the US Inflation reduction act on the global economy. On a global scale, experts are little … countries and regions. In Europe, particularly in France and Germany, economic experts are highly concerned about the IRA and …

Menschen, stellen eine zentrale Grundlage für eine faktenbasierte Politikberatung und Forschung sowie verschiedene Monitoring …

in modernen Gesellschaften auf, beispielsweise auch als Instrument der Politikberatung. …

politicians and experts in organizations. for politicians and experts in organizations. …

An agent searches sequentially for advice from multiple experts concerning the payoff of taking an operation. After … infinitely many experts, each has access to an identically and conditionally independent signal structure about the payoff, and … each makes a recommendation after observing the signal realization. We find that the experts face a loser's curse, which …

We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … aggregation. On the one hand, the expected benefit from being informed is larger in case the experts are consulted individually …. Hence, the experts either acquire the same or a larger amount of information, depending on the cost of information, than in …