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Persistent and snap decision‐making

Tomoya Tajika

Journal of Economics & Management Strategy, 2021, vol. 30, issue 1, 203-227

Abstract: To avoid unfavorable inferences about her ability, an expert might cling to her original opinion and ignore valuable new information in formulating subsequent opinions. Conceivably, the expert might decline an initial opportunity to offer an opinion, delaying the opinion formation until more accurate information has arrived. However, we show that reputational concerns often lead an expert to express an opinion at the first opportunity, thereby making a snap decision.

Date: 2021
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