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Anti-herding and strategic consultation

机译:反牧民和战略咨询

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In this paper I analyze how careerist decision makers aggregate and use information provided by others I find that decision makers who are motivated by reputation concerns tend to 'anti-herding', i.e., they excessively contradict public information su ch as the prior or others' recommendations. I also find that some decision makers may deliberately act unilaterally and not consult advisers although advice is costless. Moreover, advisers to the decision maker may not report their information truthfully . Even if the advisers care only about the outcome, they bias their recommendation since they anticipate inefficient anti-herding behavior by the decision maker.
机译:在本文中,我分析了职业主义者的决策者如何汇总和使用其他人提供的信息,我发现受声誉关注驱动的决策者倾向于“反掩盖”,即,他们与先前或其他人过度地与公共信息相矛盾。建议。我还发现,尽管决策是无价的,但某些决策者可能会故意单方面采取行动,而不咨询顾问。而且,决策者的顾问可能无法如实报告其信息。即使顾问只在乎结果,他们也会偏向于他们的建议,因为他们预计决策者会采取低效的反联合行为。

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