Topic
Credibility
About: Credibility is a research topic. Over the lifetime, 13730 publications have been published within this topic receiving 331944 citations. The topic is also known as: believability & plausibility.
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TL;DR: The authors consider the credibility, persuasiveness, and informativ eness of multidimensional cheap talk by an expert to a decision maker and find that an expert with state-independent preferences can always make credible comparative statements that trade off the expert's incentive to exaggerate on each dimension.
Abstract: We consider the credibility, persuasiveness, and informativ eness of multidimensional cheap talk by an expert to a decision maker. We find that an expert with state-independent preferences can always make credible comparative statements that trade off the expert's incentive to exaggerate on each dimension. Such communication benefits the expert - cheap talk is "persuasive" - if her preferences are quasiconvex. Communication benefits a decision maker by allowing for a more informed decision, but strategic interactions between multiple decision makers can reverse this gain. We apply these results to topics including product recommendations, voting, auction disclosure, and advertising. (JEL D44, D72, D82, D83, M37)
132 citations
TL;DR: This article conducted an online experiment to study people's perception of automated computer-written news using a 2'×'2' ×'2 '×' × '2' design, and varied the article topic (sports, finance; within-subjects) and both...
Abstract: We conducted an online experiment to study people’s perception of automated computer-written news. Using a 2 × 2 × 2 design, we varied the article topic (sports, finance; within-subjects) and both ...
132 citations
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TL;DR: In this paper, the authors argue that such delegation does not overcome credibility problems given that delegation is discretionary and without costs "Reappointment costs" of delegation are shown to improve suboptimal outcomes, but credibility of optimal monetary policy turns out to be worsened.
Abstract: When optimal monetary policy is subject to a credibility problem, it is often argued that the government should appoint a central banker whose incentives differ from the government's I argue, however, that such delegation does not overcome credibility problems given that delegation is discretionary and without costs "Reappointment costs" of delegation are shown to improve suboptimal outcomes, but credibility of optimal monetary policy turns out to be worsened At best, delegation therefore has no effects on credibility, but only if reappointment has no costs
131 citations
TL;DR: This article reviewed juror, witness, and courtroom factors that influence a child's credibility and found that adults often do not know when to believe children, and that this uncertainty is more consequential than in a court of law where jurors may be forced to base their verdict largely on the testimony of children.
Abstract: Adults often do not know when to believe children. There are few places where this uncertainty is more consequential than in a court of law where jurors may be forced to base their verdict largely on the testimony of children. Legal and cultural stereotypes undermine children's credibility as witnesses by portraying them as basically honest but highly manipulable, unable to differentiate fantasy from reality, and lacking in cognitive sophistication. In this article, we review juror, witness, and courtroom factors that influence a child's credibility. We also present the results of our own studies on reactions to child witnesses.
131 citations
TL;DR: Group decisions are necessary when the scope of a problem is such that no individual has sufficient expertise and knowledge to affect a solution as discussed by the authors. But, grouping "experts" together causes a number of hindering side effects.
131 citations