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Persistent and snap decision‐making

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  • Tomoya Tajika

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.

Suggested Citation

  • Tomoya Tajika, 2021. "Persistent and snap decision‐making," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(1), pages 203-227, February.
    • Handle: RePEc:bla:jemstr:v:30:y:2021:i:1:p:203-227
    DOI: 10.1111/jems.12395
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    References listed on IDEAS

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    Cited by:

    1. Cécile Aubert & Huihui Ding, 2022. "Voter conformism and inefficient policies," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 59(1), pages 207-249, July.

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