among elites (i.e., experts) with uncertain biases and non-elites with no bias in each period. The focus is on the … the uncertainty regarding preference heterogeneity among experts. I show that its effect on the emergence of populism is …

. A primitive premise is that a more ambiguous message can lower the expert’s communication cost by freeing the expert … client cannot exert effort to disambiguate the expert’s message, the expert benefits from the client’s greater optimism and …

A decision-maker solicits information from two partially informed experts and then makes a choice under uncertainty …. The experts can be either moderately or extremely biased relative to the decision-maker, which is their private … information. I investigate the incentives of the experts to share their private information with the decision-maker and analyze …

Consider an environment where long-lived experts repeatedly interact with short-lived customers. In periods when an … appropriate. We find that there exists an equilibrium in which experts always play truthfully and choose the customer's preferred … with high probability if the previous treatment was minor, and low probability if it was major. If experts have private …

forming posteriors with one exception: when assessing the credibility of experts, they "double-dip" the data and use already … and endogenous crashes. Our model provides a theory of the origins of disagreement: individuals disagree about both …

Markets for expert services are characterized by information asymmetries between experts and consumers. We analyze the … effects of consumer information, where consumers suffer from either a minor or serious problem and only experts can infer the … endorsed by good signals and fundamentally changed by bad signals. Experts condition their cheating on a consumer's risk of …

We introduce the notion of verifiable information into a model of sequential debate among experts who are motivated by … career concerns. We show that self-censorship may hamper the efficiency of information aggregation, as experts withhold … phenomenon, and the probability of the correct state of the world being revealed always converges to one as the group of experts …