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Expert advice is often biased in ways that benefit the advisor. We demonstrate how selfdeception helps advisors be … affects advisors' beliefs and preferences over the investments. Biased advice persists with minimal justifications but is … eliminated when all justifications are removed. These findings show how self-deception can be constrained to improve advice …
Persistent link: https://www.econbiz.de/10012157246
Expert advice is often biased in ways that benefit the advisor. We demonstrate how self-deception helps advisors be … affects advisors' beliefs and preferences over the investments. Biased advice persists with minimal justifications but is … eliminated when all justifications are removed. These findings show how self-deception can be constrained to improve advice …
Persistent link: https://www.econbiz.de/10012179864
Persistent link: https://www.econbiz.de/10012239515
We experimentally investigate the determinants of overconfidence and test the hypothesis, advanced by Robert Trivers, that overconfidence serves to more effectively persuade or deceive others. After performing a cognitively challenging task, half of our subjects are informed about the...
Persistent link: https://www.econbiz.de/10011441641
Why are people so often overconfident? We conduct an experiment to test the hypothesis that people become overconfident to more effectively persuade or deceive others. After performing a cognitively challenging task, half of our subjects are informed that they can earn money by convincing others...
Persistent link: https://www.econbiz.de/10011626574
We show that a one-off incentive to bias advice has a persistent effect on advisers' own actions and their future … incorruptible. Maintaining a positive self-image then forces them to be consistent in the advice they give, even if it is biased. …
Persistent link: https://www.econbiz.de/10011663187
Why are people so often overconfident? We conduct an experiment to test the hypothesis that people become overconfident to more effectively persuade or deceive others. After performing a cognitively challenging task, half of our subjects are informed that they can earn money by convincing others...
Persistent link: https://www.econbiz.de/10011663455
We experimentally investigate the determinants of overconfidence and test the hypothesis, advanced by Robert Trivers, that overconfidence serves to more effectively persuade or deceive others. After performing a cognitively challenging task, half of our subjects are informed about the...
Persistent link: https://www.econbiz.de/10011451529
We show that a one-off incentive to bias advice has persistent effects. In an experiment, some advisers were paid a …
Persistent link: https://www.econbiz.de/10011784286
We show that a one-off incentive to bias advice has a persistent effect on advisers' own actions and their future … incorruptible. Maintaining a positive self-image then forces them to be consistent in the advice they give, even if it is biased. …
Persistent link: https://www.econbiz.de/10011483653