Learning from Experts
| dc.creator | Valsecchi, Irene | |
| dc.date | 2017-04-01T20:11:22Z | |
| dc.date.accessioned | 2026-07-09T04:27:20Z | |
| dc.description | The survey is concerned with the issue of information transmission from experts to non-experts. Two main approaches to the use of experts can be traced. According to the game-theoretic approach expertise is a case of asymmetric information between the expert, who is the better informed agent, and the non-expert, who is either a decision-maker or an evaluator of the expert’s performance. According to the Bayesian decision-theoretic approach the expert is the agent who announces his probabilistic opinion, and the non-expert has to incorporate that opinion into his beliefs in a consistent way, despite his poor understanding of the expert’s substantive knowledge. The two approaches ground the relationships between experts and non-experts on such different premises that their results are very poorly connected. | |
| dc.identifier | doi:10.22004/ag.econ.36756 | |
| dc.identifier | https://ageconsearch.umn.edu/record/36756/files/35-08.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/36756 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/550183 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/36756 | |
| dc.title | Learning from Experts | |
| dc.type | Text |