Advisors' Reputation Impacts Decision Making Process, Reveals New Study
The article explores how seeking advice from two advisors in sequence can impact decision-making. It looks at how the advice given by each advisor affects both immediate and future outcomes, based on their reputation. The study shows that receiving advice sequentially can lead to losing information more easily compared to getting advice at the same time. The research identifies conditions that lead to both positive and negative effects on reputation, influencing the decision maker's choices.