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Persistent link: https://www.econbiz.de/10011333688
Persistent link: https://www.econbiz.de/10009516662
We quantify the widespread and significant economic impact of first impressions and confirmation bias in the financial advice market. We use a theoretical learning model and new experimental data to measure how these biases can evolve over time and change clients' willingness to pay advisers....
Persistent link: https://www.econbiz.de/10012851636