Naive Advice When Half-a-Million is at Stake

Pogrebna, Ganna

Abstract

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Naive Advice When Half-a-Million is at Stake

Ganna Pogrebna

Columbia University

2008

Economics Letters, Vol. 98, No. 2, pp. 148-154, February 2008

Abstract:
In the television show Affari Tuoi contestants face decision problems with large monetary payoffs and have an opportunity to seek advice from the audience. It appears that this advice does not have a significant impact on the decisions of contestants.

Number of Pages in PDF File: 10

Keywords: advice, decision making, television show, natural experiment

JEL Classification: C93, D81

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Date posted: April 21, 2006 ; Last revised: April 13, 2009

Suggested Citation

Pogrebna, Ganna, Naive Advice When Half-a-Million is at Stake (2008). Economics Letters, Vol. 98, No. 2, pp. 148-154, February 2008. Available at SSRN: http://ssrn.com/abstract=897483

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Ganna Pogrebna (Contact Author)

Columbia University ( email )

419 Schermerhorn Hall
New York, NY 10027
United States

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