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Advice is cheap : information is not!
Häfner, Samuel; Taylor, Curtis R. - 2017
An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront...
Persistent link: https://www.econbiz.de/10012117630
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Cheap talk with multiple experts and uncertain biases
Karakoç, Gùlen - 2020
Persistent link: https://www.econbiz.de/10012319417
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Information disclosure and pricing in the online expert service platform
Du, Shaofu; Peng, Xuefeng; Nie, Tengfei; Zhu, Yangguang - In: Journal of the Operational Research Society 75 (2024) 9, pp. 1663-1680
Persistent link: https://www.econbiz.de/10015052616
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Information transfer and aggregation in an uninformed committee: a model for the selection and use of biased expert advice
Plott, Charles; Llewellyn, Morgan - In: European journal of political economy 40 (2015) 2, pp. 208-223
Persistent link: https://www.econbiz.de/10011535685
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Dynamic expert incentives in teams
Wong, Tsz-Ning; Yang, Ling - In: Games and economic behavior 125 (2021), pp. 27-47
Persistent link: https://www.econbiz.de/10012616668
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Committees of experts in the lab
Renes, Sander; Visser, Bauke - 2018
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 …
Persistent link: https://www.econbiz.de/10011895939
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Incentive-driven information dissemination in two-tier supply chains
Jiang, Li; Hao, Zhongyuan - In: Manufacturing & service operations management : M & SOM 18 (2016) 3, pp. 393-413
Persistent link: https://www.econbiz.de/10011516553
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Aggregation of endogenous information in large elections
Oliveros, Santiago - 2013
Persistent link: https://www.econbiz.de/10010234264
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Cheap Talk with Correlated Information
Chand, A.K.S. - 2016
We consider a situation where a decision maker gathers information from two or more imperfectly informed experts … experts correlation unambiguously tightens the conditions on preferences for a truth-telling equilibrium. However, with … multiple experts the effect of correlation on the incentives to report information truthfully is non-monotonic. In particular …
Persistent link: https://www.econbiz.de/10012987832
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Advice Is Cheap : Information Is Not!
Häfner, Samuel - 2018
An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront...
Persistent link: https://www.econbiz.de/10012932515