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We experimentally investigate the role of second opinions in markets where experts like doctors both diagnose and provide the services. Experts may exploit their informational advantage over customers and overtreat by providing a more costly and expensive treatment than necessary. We show that...
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simple cases, tests confirm that subjects adjust their attention in response to incentives as the theory dictates …
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timing assumptions (pre- and post-search), generating four information treatments. Theory predicts that price information …
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simple cases, tests confirm that subjects adjust their attention in response to incentives as the theory dictates …
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