Download This PaperNaive Advice When Half-a-Million is at Stake
10 Pages Posted: 21 Apr 2006 Last revised: 13 Apr 2009
Date Written: 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.
Keywords: advice, decision making, television show, natural experiment
JEL Classification: C93, D81
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show
By Thierry Post, Martijn J. Van Den Assem, ...
-
Decision Making Under Risk in Deal or No Deal
By Nicolas De Roos and Yianis Sarafidis
-
Risk Attitudes in Large Stake Gambles: Evidence from a Game Show
By Cary A. Deck, Jungmin Lee, ...
-
Models of Stochastic Choice and Decision Theories: Why Both are Important for Analyzing Decisions
-
Testing the Predictions of Decision Theories in a Natural Experiment when Half a Million is at Stake