Naive Advice When Half-a-Million is at Stake
Economics Letters, Vol. 98, No. 2, pp. 148-154, February 2008
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
Date posted: April 21, 2006 ; Last revised: April 13, 2009