Amplification of bias found in advice to the unidentified and many
Thursday, September 22, 2011 - 11:31
in Mathematics & Economics
Professionals often give advice to many anonymous people. For example, financial analysts give public recommendations to buy, hold or sell stock. New research demonstrates that advisers confronting a conflict of interest give more biased advice when there are multiple advice recipients as opposed to just one recipient, and the advice is more biased when the adviser does not know the name of the recipient.