Advice versus choice
Abstract
Despite the near universality of the maxim that one should treat others as one ought to be treated, even well-intended advisers often advise others to act differently than they choose for themselves. We review several psychological factors that contribute to biased advice. Absent pecuniary motives to the contrary, advice tends to be paternalistically biased in favor of caution. Policies that would intuitively promote quality advice — such as...
Paper Details
Title
Advice versus choice
Published Date
Dec 1, 2015
Volume
6
Pages
173 - 176
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