Balance of opinions in expert panels

Qiang Gong and Huanxing Yang

Economics Letters, 2018, vol. 170, issue C, 151-154

Abstract: This note develops a simple model of information disclosure to compare the relative performance between diverse expert panels and homogeneous panels. We identify a burden-of-proof effect, which favors homogeneous panels, and a balance-of-opinions effect, which favors diverse panels. Diverse panels are optimal if and only if experts are relatively well-informed.

Keywords: Information disclosure; Experts; Panel design (search for similar items in EconPapers)
JEL-codes: D82 D83 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:170:y:2018:i:c:p:151-154

DOI: 10.1016/j.econlet.2018.06.019

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