Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10010199686
Using a theoretical model of noisy expert advice, I show that language inflation can be a rational response to the vagueness of language. Experts will tend to overstate their positions to a like‐minded decision maker (DM) and this constitutes a Pareto improvement over sending a sincere...
Persistent link: https://www.econbiz.de/10014141200