The survey is concerned with the issue of information transmission from experts to non-experts. Two main approaches to … the use of experts can be traced. According to the game-theoretic approach expertise is a case of asymmetric information … the expert’s performance. According to the Bayesian decision-theoretic approach the expert is the agent who announces his …

A decision-maker solicits information from two partially informed experts and then makes a choice under uncertainty …. The experts can be either moderately or extremely biased relative to the decision-maker, which is their private … information. I investigate the incentives of the experts to share their private information with the decision-maker and analyze …

forming posteriors with one exception: when assessing the credibility of experts, they "double-dip" the data and use already … and endogenous crashes. Our model provides a theory of the origins of disagreement: individuals disagree about both …

Markets for expert services are characterized by information asymmetries between experts and consumers. We analyze the … effects of consumer information, where consumers suffer from either a minor or serious problem and only experts can infer the … endorsed by good signals and fundamentally changed by bad signals. Experts condition their cheating on a consumer's risk of …

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 …