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In many areas of economics there is a growing interest in how expertise and preferences drive individual and group decision making under uncertainty. Increasingly, we wish to estimate such models to quantify which of the...Read more...
Stephen Hansen and Michael McMahon
8 May 2013
We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent...Read more...
Nattavudh Powdthavee and Yohanes E. Riyanto
28 June 2012