Article ID Journal Published Year Pages File Type
5060833 Economics Letters 2011 4 Pages PDF
Abstract
► We study mechanisms on how a decision-maker weights advice from others. ► The larger the distance between advice and initial opinion the lower the weight. ► Imperfect knowledge about advisor's competence drives the distance effect.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Why do people place lower weight on advice far from their own initial opinion?
Authors
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