Preselection and expert advice

被引：2

作者：

Schulte, Elisabeth ^{[1
]}

Felgenhauer, Mike ^{[2
]}

机构：

[1] Philipps Univ Marburg, Sch Business & Econ, Marburg Ctr Inst Econ MACIE, D-35032 Marburg, Germany

[2] Plymouth Univ, Plymouth, Devon, England

来源：

INTERNATIONAL JOURNAL OF GAME THEORY | 2017年 / 46卷 / 03期

关键词：

Reputation; Cheap talk; Safe haven; CAREER CONCERNS; INFORMATION; CREDIBILITY; REPUTATION; BEHAVIOR;

D O I：

10.1007/s00182-016-0551-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the effects of preselection on an expert's advice about the execution of a project if its execution yields more precise estimates about the expert's expertise. The introduction of a preselection stage, in which the decision maker evaluates the project before asking for advice, alters the expert's perception of the problem. We identify conditions under which preselection occurs in equilibrium. We show that if the expert adjusts his behavior, the option to preselect may reduce the expected utility of the decision maker.

引用

页码：693 / 714

页数：22

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