For many decisions, people rely on information received from others by word of mouth. How does the process of verbal transmission distort economic information? In our experiments, participants listen to audio recordings containing economic forecasts and are paid to accurately transmit the...

Cover -- Half Title -- Title Page -- Copyright Page -- Table of Contents -- List of Figures and Tables -- Foreword -- Acknowledgments -- Members of the Research Team -- Prologue -- Part I. Conceptual Framework -- 1. The Convergence-Divergence Debate and Japanese Management -- 2. Characteristics...