منابع مشابه
Costly Expertise
In many environments, expertise is costly. Costs can manifest themselves in numerous ways, ranging from the time that is required for a financial consultant to study companies’ performances, to the resources necessary for academic referees to produce knowledgeable reports, to the attention and thought needed for jurors to construct informed convictions. The current paper asks a natural question...
متن کاملCostly Contemplation∗
We study preferences over opportunity sets. Such preferences are monotone if every opportunity set is at least as good as its subsets. We prove a representation theorem for monotone preferences. The representation suggests that the decision maker optimally contemplates his mood before making his ultimate choice from his opportunity set. We show that our model reduces to that of Kreps (1979) whe...
متن کاملCostly Persuasion
In many settings of economic interest, information is ex ante symmetric, but one agent designs the informational environment—i.e., controls what additional information will be generated. A number of recent papers study such situations, with applications including Internet advertising (Rayo and Segal 2010), communication in organizations (Jehiel 2013), bank regulation (Gick and Pausch 2012; Gold...
متن کاملCostly Democracy
The evidence for successful postwar democratic transitions is not encouraging: since 1989, the international community has launched 19 major peacebuilding operations. These operations were reasonably successful in securing peace, but much less successful in establishing a democratic regime. Five years after the operations began, only two countries qualified as liberal democracy; also, no recent...
متن کاملBook Review: "Developing Expertise Through Experience"
The book ‘Developing expertise through experience’consists of twenty chapters written by language educators. Alan Maley has edited the book. The writers of the chapters have written their stories and experiences about learning English and being an Educator with regard to the notion of ‘sense of plausibility’ defined by Prabhu. Prabhu explains that plausibility in pedagogy is teachers’ intuition...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2008
ISSN: 0002-8282
DOI: 10.1257/aer.98.2.187