Corpus ID: 5240352

He Who Pays The Piper Must Know The Tune

@inproceedings{Hanson2004HeWP,
  title={He Who Pays The Piper Must Know The Tune},
  author={R. Hanson},
  year={2004}
}

R. Hanson

Published 2004

Engineering

He who pays the piper calls the tune, but how can he call for a tune that he will not recognize when he hears it? Previous models, of two candidates competing for a voter and of firm managers impressing stock speculators, found experts neglecting their superior information in favor of client preconceptions. A similar result holds when we generalize the agents, choices, information structures, and preferences. When experts must pay to acquire information, have no intrinsic interest in client… CONTINUE READING

mason.gmu.edu

Save to Library

Create Alert

Cite

Launch Research Feed