Showing 1 - 10 of 11,514
Persistent link: https://www.econbiz.de/10013348606
We study the effects of preselection on an expert's incentive to give truthful advice in a decision environment in which certain decisions yield more precise estimates about the expert's expertise. The introduction of a preselection stage, in which the decision maker can study the case before...
Persistent link: https://www.econbiz.de/10011302441
Persistent link: https://www.econbiz.de/10011947280
Theory predicts that committees of experts may take decisions that look good but are bad and that they show a united … assessments. We investigate this theory in the lab, using treatments with and without reputation concerns and with and without … cheap-talk communication with evaluators. We use the chat among committee members to learn about, e.g., their beliefs about …
Persistent link: https://www.econbiz.de/10011895939
The paper studies a dynamic communication game in the presence of adverse selection and career concerns. A forecaster … of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome …. Further, any report hurts the forecaster’s reputation in the short run, with later reports incurring larger penalties. The …
Persistent link: https://www.econbiz.de/10012123351
Persistent link: https://www.econbiz.de/10012319417
Persistent link: https://www.econbiz.de/10013334556
Persistent link: https://www.econbiz.de/10011576887
We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … it possible to achieve the best payoff that can be obtained by means of any communication device. As in the model without …
Persistent link: https://www.econbiz.de/10011702289
Persistent link: https://www.econbiz.de/10012131640