On the informational content of advice: a theoretical and experimental study

被引：0

作者：

Yaw Nyarko

Andrew Schotter

Barry Sopher

机构：

[1] New York University,Department of Economics

[2] Rutgers University,Department of Economics

来源：

Economic Theory | 2006年 / 29卷

关键词：

Advice; Decision making; Risk aversion; Experiments; D81; G11; C91;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

This paper examines the market for advice and the underlying perception that advice is useful and informative. We do this by first providing a theoretical examination of the informational content of advice and then by setting up a series of experimental markets where this advice is sold. In these markets we provide bidders with a demographic profile of the “experts” offering advice.

引用

页码：433 / 452

页数：19

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