Naive Advice When Half-a-Million is at Stake
10 Pages Posted: 21 Apr 2006 Last revised: 13 Apr 2009
Date Written: 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.
Keywords: advice, decision making, television show, natural experiment
JEL Classification: C93, D81
Suggested Citation: Suggested Citation