Would you pay for transparently useless advice? A test of boundaries of beliefs in the folly of predictions
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...
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| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/107384 http://hdl.handle.net/10220/25553 http://dx.doi.org/10.1162/REST_a_00453 |
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| Institution: | Nanyang Technological University |
| Language: | English |