Economics and Philosophy 31 (1):67-91 (2015)

Authors
Annika Wallin
Lund University
Abstract
How does an individual decision maker update his or her beliefs in the light of others’ beliefs? We present an empirical investigation that varies decision makers’ access to other peoples’ beliefs: whether they know what course of action others have taken and whether they know why this course of action was taken.We propose a number of process models of advice taking that do and do not accommodate the reasons given for belief, and evaluate which is used through model comparison techniques.
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DOI 10.1017/s0266267114000406
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Collective Wisdom: Principles and Mechanisms.J. Elster & H. Landemore (eds.) - 2012 - Cambridge University Press.

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