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- W2585469084 abstract "It is difficult to motivate advisors to acquire information through standard performance-contracts when outcomes are uncertain and/or only observed in the distant future. Decision-makers may however exploit advisors’ desire to influence the outcome. We build a model in which a decision-maker and two advisors care about the decision’s consequences, which depend on an unknown parameter. To reduce uncertainty, the advisors can produce information of low or high accuracy; this information becomes public but the decision-maker cannot assess its accuracy with certainty, and monetary transfers are unavailable. Moreover, the information the two advisors produce may be conflicting. We show the optimal decision-rule involves making the final decision exceedingly sensitive to the jointly provided information." @default.
- W2585469084 created "2017-02-10" @default.
- W2585469084 creator A5015367201 @default.
- W2585469084 date "2016-01-01" @default.
- W2585469084 modified "2023-10-17" @default.
- W2585469084 title "Motivating Agents to Acquire Information" @default.
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- W2585469084 doi "https://doi.org/10.2139/ssrn.2905367" @default.
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