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& Wang, 2006, Wang et al., 2010): on the one hand experts usually give a too truthful advice, they overcommunicate. On the … other hand the decision makers rely too much on the received information. Moreover, communication as well as payoffs … communication is less biased. In all treatments, however, the messages are more precise than theoretically predicted. …
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of the project, and hold additional private information about its consequences. They are experts who care about the value …
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When groups face difficult problems, the voice of experts may be lost in the noise of others' contributions. We present … such a degree that it is in fact optimal for all non-experts to contribute their bits of information. A single individual …
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When groups face difficult problems, the voices of experts may be lost in the noise of others' contributions. We …
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Reputation is a commonly cited check on opportunism in economic and social interactions. But it is often unclear what …
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