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Bregolin, Jacopo
, Hopfensitz, Astrid
ORCID: https://orcid.org/0000-0002-6503-6114 and Panova, Elena
(2026)
Using Advice Without Considering Its Quality: A Laboratory Experiment of Demand for Advice.
TSE Working Paper, n. 26-1696, Toulouse
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Abstract
We experimentally test how the content of advice, namely, its alignment with common priors, influences beliefs about its quality and future demand for it. We reject the theoretical hypothesis that demand for advice can be increased by giving advice in alignment with common priors. We find, furthermore, that such alignment has hardly any impact on the participants’ beliefs about quality of advice. Nevertheless, advice influences participants’ guesses in an incentivized task, regardless of their beliefs about the quality of advice itself.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | January 2026 |
| Place of Publication: | Toulouse |
| Uncontrolled Keywords: | demand for information, belief updating |
| JEL Classification: | C91 - Laboratory, Individual Behavior D83 - Search; Learning; Information and Knowledge; Communication; Belief D90 - General |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Université Toulouse Capitole |
| Site: | UT1 |
| Date Deposited: | 09 Jan 2026 09:02 |
| Last Modified: | 09 Jan 2026 09:02 |
| OAI Identifier: | oai:tse-fr.eu:131199 |
| URI: | https://publications.ut-capitole.fr/id/eprint/51741 |
