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.
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收藏
页码：433 / 452
页数：19
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