Second opinions in markets for expert services: Experimental evidence
نویسندگان
چکیده
منابع مشابه
Expert opinions and scientific evidence for colonoscopy key performance indicators
Colonoscopy is a widely performed procedure with procedural volumes increasing annually throughout the world. Many procedures are now performed as part of colorectal cancer screening programmes. Colonoscopy should be of high quality and measures of this quality should be evidence based. New UK key performance indicators and quality assurance standards have been developed by a working group with...
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The Impact of Distributional Preferences on (Experimental) Markets for Expert Services Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with endogenous price...
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An approach is presented to multi-expert’s opinions combination based on the Dempster-Shafer evidence theory. In the method, we use multi-expert’s knowledge as evidence, the possible value of weight as frame of discernment, expert’s evaluation to a weight on frame of discernment as basic probability assignment, and use D-S rule combining to give fusion basic probability assignment m. Finally, t...
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Con icts of interest arise between a decision maker and agents who have information pertinent to the problem because of di erences in their preferences over outcomes. We investigate how the decision maker can extract the information by distorting the decisions that will be taken. We show that only slight distortions will be necessary when agents' signals are sufciently accurate or when the numb...
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We analyze a market where the consumer must rely on experts to identify the correct type of service. Medical services, repair services and various types of consulting and advisory services belong to this broad category. Our focus is on situations where the diagnosis of the consumers needs is costly and the experts effort is unobservable. We develop a model where experts offer competing contra...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2016
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2016.03.004