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. © 2011 Elsevier B.V.
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APA
Ravazzolo, F., & Røisland, øistein. (2011). Why do people place lower weight on advice far from their own initial opinion? Economics Letters, 112(1), 63–66. https://doi.org/10.1016/j.econlet.2011.03.032
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