Olszewski, Wojciech; Sandroni, Alvaro - Center for Mathematical Studies in Economics and … - 2006
Theories can be produced by individuals seeking a good reputation of knowledge. Hence, a significant question is how to … probability then the test is said to not reject the truth. On the other hand, if a false expert, with no knowledge over the data … dismiss false experts.We also show that a false reputation of knowledge can be strategically sustained for an arbitrary, but …