Why do people place lower weight on advice far from their own initial opinion?

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 112
Issue: 1
Pages: 63-66

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Experimental studies find that the weight put on advice is negatively related to the distance between the advice and the decision-maker's initial opinion. We show that this can be rational if the decision-maker has imperfect knowledge about the advisor's competence.

Technical Details

RePEc Handle
repec:eee:ecolet:v:112:y:2011:i:1:p:63-66
Journal Field
General
Author Count
2
Added to Database
2026-01-29