Naive 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

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: https://ssrn.com/abstract=897483

Ganna Pogrebna (Contact Author)

Columbia University ( email )

419 Schermerhorn Hall
New York, NY 10027
United States

HOME PAGE: http://www.gannapogrebna.com

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