Post by arfankj4 on Mar 6, 2024 2:34:31 GMT -7
They were guessing a higher quality rating than the actual quality rating. That would explain why information doesn t unravel according to game theory predictions and why companies don t voluntarily release information even when it is not the worst it could be. “CUSTOMERS GIVE TOO MUCH CREDIT TO COMPANIES FOR NOT DISCLOSING INFORMATION” Customers give too much credit to companies for not disclosing information. That was the big takeaway for us says Luca.
Policymakers need to be more heavy handed in making sure organizations are disclosing information. And customers should be leery of the sound of silence. As another example of this phenomenon Luca points to movie studios that when they know they have a flop on Poland Mobile Number List their hands withhold movie previews from critics to avoid bad reviews during the critical opening days. Studios trumpet good reviews in their marketing but of course exclude bad reviews. Customers should understand that no news or reviews is bad news in this situation — but oftentimes they ignore the lack of reviews and flock to opening weekend anyway.
Consumers should think about what it means when a company is not giving you information — and think about what information they could have given you. Dogs That Don t Bark On the face of it John s and Luca s studies seem to be showing different things.worse of those who hide information while in Luca s they seem to give more benefit of the doubt to them than they should. The discrepancy may come from just how apparent it is that information is being hidden. People don t notice the dog that doesn t bark says John. By including the choose not to answer choice in their study she and her colleagues intentionally made it clear that the person who answered the profile was hiding information leading observers to conclude that the individual was less trustworthy.
Policymakers need to be more heavy handed in making sure organizations are disclosing information. And customers should be leery of the sound of silence. As another example of this phenomenon Luca points to movie studios that when they know they have a flop on Poland Mobile Number List their hands withhold movie previews from critics to avoid bad reviews during the critical opening days. Studios trumpet good reviews in their marketing but of course exclude bad reviews. Customers should understand that no news or reviews is bad news in this situation — but oftentimes they ignore the lack of reviews and flock to opening weekend anyway.
Consumers should think about what it means when a company is not giving you information — and think about what information they could have given you. Dogs That Don t Bark On the face of it John s and Luca s studies seem to be showing different things.worse of those who hide information while in Luca s they seem to give more benefit of the doubt to them than they should. The discrepancy may come from just how apparent it is that information is being hidden. People don t notice the dog that doesn t bark says John. By including the choose not to answer choice in their study she and her colleagues intentionally made it clear that the person who answered the profile was hiding information leading observers to conclude that the individual was less trustworthy.