Economic narratives are pervasive in the public discourse and can shape individual behavior. But so far we know very little about whether households actually demand and value narratives as information. We combine a comprehensive expert survey with a large-scale nationally representative...

Research and development (R&D) is thought to be an important determinant of improvements in living standards, health, and economic security. Yet, U.S. government spending on R&D has fallen over time, with further cuts proposed. Two standard rationalizations for such cuts are: (i) citizens...

Economic narratives are pervasive in the public discourse and can shape individual behavior. But so far we know very little about whether households actually demand and value narratives as information. We combine a comprehensive expert survey with a large-scale nationally representative...

We provide evidence for an expectation gap, where risk-averse as well as impatient households and experts provide significantly higher prior inflation forecasts. Using a survey randomized control trial (RCT), we can show that information about inflation forecasts closes this expectations gap....

We study how experts influence consumer behavior and welfare by focusing on the Booker Prize. Leveraging the discontinuity created by the attribution of the prize, we show that readers receive the signal sent by the jury of the Booker and are persuaded to buy the awarded book but experience...

This study examined participants' willingness to pay for stock price forecasts provided by an algorithm, financial experts, and peers. Participants valued algorithmic advice more highly and relied on it as much as expert advice. This preference for algorithms - despite their similar or even...

We provide evidence for an expectation gap, where risk-averse as well as impatient households and experts provide significantly higher prior inflation forecasts. Using a survey randomized control trial (RCT), we can show that information about inflation forecasts closes this expectations gap....

To identify expertise, forecasters should not be tested by their calibration score, which can always be made arbitrarily small, but rather by their Brier score. The Brier score is the sum of the calibration score and the refinement score; the latter measures how good the sorting into bins with...

Given the growing complexity of platform governance, the role of experts in digital policy-making processes is becoming more critical. However, there remains a gap in the literature regarding the specific role of experts in shaping platform governance processes. To explore this research gap,...

Given the growing complexity of platform governance, the role of experts in digital policy-making processes is becoming more critical. However, there remains a gap in the literature regarding the specific role of experts in shaping platform governance processes. To explore this research gap,...

This report presents the results of the survey of Expert Assessors conducted as part of the Erasmus+ 2021-2027 Interim Evaluation and Erasmus+ 2014-2020 Final Evaluation carried out for the European Commission's Directorate-General for Education, Youth, Sport, and Culture (DG EAC).

This report presents the results of the survey of Expert Assessors conducted as part of the Erasmus+ 2021-2027 Interim Evaluation and Erasmus+ 2014-2020 Final Evaluation carried out for the European Commission's Directorate-General for Education, Youth, Sport, and Culture (DG EAC).

This policy brief examines European and US economic expertsʼ expectations and recommendations for tariffs on US, EU, and global imports at the end of 2025, as collected in the latest wave (2025Q2) of the Economic Expert Survey. The results show that economic experts in Europe expect...

In this paper, we experimentally investigate the effect of public consumer ratings on market outcomes in credence goods markets. Contrary to search or experience goods, consumers cannot evaluate all dimensions of trade for credence goods, which may inhibit the information and reputation-building...

Social interactions affect individual behavior in a variety of ways, but their effects on expectation formation are less well understood. We design a large-scale global survey experiment among renowned experts working in 135 countries to study whether peer effects impact expectations about the...

Social interactions affect individual behavior in a variety of ways, but their effects on expectation formation are less well understood. We design a large-scale global survey experiment among renowned experts working in 135 countries to study whether peer effects impact expectations about the...

Economic narratives are pervasive in the public discourse and can shape individual behavior. But so far we know very little about whether households actually demand and value narratives as information. We combine a comprehensive expert survey with a large-scale nationally representative...

Consensus is crucial to authoritative science, as is replicability. Yet, in economics and the social sciences, the publication of contradictory replications often sparks fierce debates between replicators and original authors. This paper investigates whether experts can reach a consensus on a...

Consensus is crucial to authoritative science, as is replicability. Yet, in economics and the social sciences, the publication of contradictory replications often sparks fierce debates between replicators and original authors. This paper investigates whether experts can reach a consensus on a...

This conceptual paper investigates the role of art experts and appraisers in white-collar crime through the lens of convenience theory. As gatekeepers of authenticity, provenance, and valuation, art appraisers hold significant power in shaping market outcomes. Yet, the opacity of appraisal...

Economic narratives are pervasive in the public discourse and can shape individual behavior. But so far we know very little about whether households actually demand and value narratives as information. We combine a comprehensive expert survey with a large-scale nationally representative...

Hydrogen produced from renewable energy sources or with carbon capture and storage is an important pillar for reducing global emissions. Using structured interviews, we collect and analyze expectations of 47 industry, science, and government experts on hydrogen pathways and policy needs in...

We construct a neural network algorithm that generates price predictions for art at auction, relying on both visual and non-visual object characteristics. We find that higher automated valuations relative to auction house pre-sale estimates are associated with substantially higher...

We provide evidence for an expectation gap, where risk-averse as well as impatient households and experts provide significantly higher prior inflation forecasts. Using a survey randomized control trial (RCT), we can show that information about inflation forecasts closes this expectations gap....

We study how experts influence consumer behavior and welfare by focusing on the Booker Prize. Leveraging the discontinuity created by the attribution of the prize, we show that readers receive the signal sent by the jury of the Booker and are persuaded to buy the awarded book but experience...