Would you pay for transparently useless advice? A test of boundaries of beliefs in the folly of predictions

• المؤلفون الرئيسيون: Powdthavee, Nattavudh, Yohanes, Eko Riyanto
• مؤلفون آخرون: School of Humanities and Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2015
• الموضوعات: DRNTU::Social sciences::Economic theory
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/107384; http://hdl.handle.net/10220/25553; http://dx.doi.org/10.1162/REST_a_00453
• المؤسسة: Nanyang Technological University

Standard economic models assume that the demand for expert predictions arises only under the conditions in which individuals are uncertain about the underlying process generating the data and there is a strong belief that past performances predict future performances. We set up the strongest possibl...