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/or advisors may worsen information aggregation through its impact on the advice-seeking incentives, if the reputation concerns are … literature, we show how reputation concerns can improve efficiency through better aggregation of information. Prior uncertainty … information from reputation-concerned advisors. Very high reputation concerns of the decision maker destroy her incentives to seek …
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We analyze how reputation concerns of a partially informed decision-maker affect her ability to extract information … from reputation-concerned advisors. Too high decision-maker's reputation concerns destroy her incentives to seek advice …. However, when such concerns are low, she is tempted to solicit advice regardless of her private information, which can …
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transparency regimes affect deliberation in different ways but lead both to a breakdown of information aggregation. However …
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