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Peer Advice on Financial Decisions: A case of the blind leading the blind?

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NBER2018-09-01 更新2025-01-04 收录
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We investigate the impact of peer interaction on the quality of financial decision making in a laboratory experiment. Face-to-face communication with a randomly assigned peer significantly improves the quality of subsequent private decisions even though simple mimicry would have the opposite effect.

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2018-09-01
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