Showing 1 - 10 of 8,374
Earning forecasts disclosed by financial analysts are known to be overly optimistic. Since an investor relies on their expertise, the question arises whether he would take analyst recommendations at face value or instead structure consultation with differently upward-biased analysts in a way...
Persistent link: https://www.econbiz.de/10011824760
Persistent link: https://www.econbiz.de/10014392892
aspect of the services of experts (e.g., of doctors, lawyers, and accountants), and the role that voluntary pro bono work … might play. Expert services have un- verifiable quality to non-experts and are subject to moral hazard. Experts who cheat … their customers should crowd out experts who do not, resulting in low trust, prestige, and wages. We ask how pro bono work …
Persistent link: https://www.econbiz.de/10010383298
between experts and consumers. The functioning of the market heavily relies on trust on the side of the consumer as well as … behavior of experts, however, is not significantly influenced by the health care framing, nor by the subject pool. …
Persistent link: https://www.econbiz.de/10012591151
I survey and discuss the recent literature on testing experts or probabilistic forecasts, which I would describe as a … related to, and inspired by the results on testing experts. …
Persistent link: https://www.econbiz.de/10014025441
Persistent link: https://www.econbiz.de/10010199686
Persistent link: https://www.econbiz.de/10010358098
Persistent link: https://www.econbiz.de/10008857662
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
Persistent link: https://www.econbiz.de/10010479932
Persistent link: https://www.econbiz.de/10011986852