Do experts adjust their policy recommendations when the facts change? We conduct a large-scale randomized experiment … among 1,224 economic experts across 109 countries that includes two treatments. The first treatment is the geographic and … randomly assigned information treatment that informs experts about the past macroeconomic performance of their country. We find …

mitigated by screening contracts that separate informed from uninformed experts. This result stands in contrast with the …

correct human experts' systematic biases in expectations formation - and identify ex ante situations in which such biases are …