The value of uncertainty in determining an expert?s source of expertise

• 成果类型: Article
• 署名作者: Silva, Francisco
• 署名单位: Deakin University
• 刊物名称: GAMES AND ECONOMIC BEHAVIOR
• ISSN/ISSBN: 0899-8256
• DOI: 10.1016/j.geb.2022.09.010
• 发表日期: 2022
• 页码: 379-388
• 关键词: Imperfect monitoring; Dynamic cheap talk; experts

摘要

Experts who rely heavily on their network of clients to provide good advice tend to suggest instead that their expertise is due to their technical knowledge. I show how doubt over the experts' source of expertise might not only help these experts but also their clients. Furthermore, I show how it is possible for them to sustain such doubt indefinitely even when their clients have rational expectations.(c) 2022 Elsevier Inc. All rights reserved.