Reputation;
Cheap talk;
Unobservable states;
Political correctness;
Contrarianism;
INFORMATION AGGREGATION;
HERD BEHAVIOR;
MARKETS;
DEBATE;
GAMES;
MODEL;
D O I:
10.1016/j.jebo.2023.09.028
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
A potentially biased expert transmits information about a binary state to a decision maker over two periods. The expert is imperfectly informed and is concerned about her reputation for unbiasedness. The decision maker wants his action to match the state in every period, but the true state is never observed. So, he updates his belief about the state by considering both the expert's report and her reputation. The expert now faces two competing incentives -to improve her reputation by disavowing potential bias, and to shift the decision maker's future belief about the state. The game has several novel equilibria. I show that a biased expert may never be disciplined to be honest, while both unbiased and biased experts may lie to signal unbiasedness. A report that disavows a bias is typically seen as conforming to norms, but here it could also arise from reputational incentives to be contrarian.
机构:
SAHPRA, Pretoria, South AfricaSAHPRA, Pretoria, South Africa
Semete-Makoketlela, Boitumelo
Parrish, Andy
论文数: 0引用数: 0
h-index: 0
机构:
Natl Essential Med List Minist Advisory Comm COVI, Pretoria, South Africa
Walter Sisulu Univ, Dept Internal Med, Fac Hlth Sci, Mthatha, South Africa
Frere & Cecilia Makiwane Hosp, East London, South AfricaSAHPRA, Pretoria, South Africa
Parrish, Andy
论文数: 引用数:
h-index:
机构:
Gray, Andy
Blockman, Marc
论文数: 0引用数: 0
h-index: 0
机构:
Univ Cape Town, Div Clin Pharmacol, Dept Med,Fac Hlth Sci, Natl Essential Med List Minist Advisory Comm COVI, Cape Town, South AfricaSAHPRA, Pretoria, South Africa
Blockman, Marc
Rees, Helen
论文数: 0引用数: 0
h-index: 0
机构:
SAHPRA, Pretoria, South Africa
Natl Essential Med List Minist Advisory Comm COVI, Pretoria, South Africa
Univ Witwatersrand, Wits Reprod Hlth & HIV Inst, Fac Hlth Sci, Johannesburg, South AfricaSAHPRA, Pretoria, South Africa
Rees, Helen
SAMJ SOUTH AFRICAN MEDICAL JOURNAL,
2023,
113
(04):
: 1134
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1134