Advice

Mental health: pressure to return to the office could be making employees more anxious

Many employers are eager for staff to return to the office after a year of social distancing, mask wearing, and working from home. However, a recent survey of 4,553 office workers in five different countries, found that every single person reported feeling anxious about resuming in-person work. The top causes of return-to-work stress included being …

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Conflicts of Interest and COVID.

Financial incentives can be a factor in pandemic policy decisions—albeit frequently at a subconscious and unintentional level. During the COVID-19 pandemic, leaders face difficult decisions that involve trade-offs between economic outcomes and public safety. These conflicts of interest can impact decisions related to closures, quarantines, lockdowns, social distancing, and mask-wearing. However, many decision-makers claim that …

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Ten considerations for effectively managing the COVID-19 transition

Abstarct Governments around the world have implemented measures to manage the transmission of coronavirus disease 2019 (COVID-19). While the majority of these measures are proving effective, they have a high social and economic cost, and response strategies are being adjusted. The World Health Organization (WHO) recommends that communities should have a voice, be informed and …

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Conflict of interest disclosure with high quality advice: The disclosure penalty and the altruistic signal.

Abstract Advisors often have conflicts of interest: a potential clash between professional responsibilities and self-interests. Disclosure—informing advisees of the conflict—is a common policy response to manage such conflicts. However, extant research on disclosure has often confounded disclosure with poor-quality advice. In this article, we explore whether laws requiring conflict of interest disclosure damage the advisor–advisee …

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Conflict of interest disclosure as a reminder of professional norms. Clients First!

Abstract Conflicts of interest create an incentive for advisors to give biased advice, and disclosure is a popular remedy. Across a series of studies, with monetary stakes creating conflicts of interest, I show that disclosure of the conflict of interest can increase as well as decrease bias in advice. The effect of disclosure depends on …

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Insinuation Anxiety: Concern That Advice Rejection Will Signal Distrust After Conflict of Interest Disclosures

Abstract When expert advisors have conflicts of interest, disclosure is a common regulatory response. In four experiments (three scenario experiments involving medical contexts, and one field experiment involving financial consequences for both parties), we show that disclosure of a financial or nonfinancial conflict of interest can have a perverse effect on the advisor–advisee relationship. Disclosure, …

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Effect of physician disclosure of specialty bias on patient trust and treatment choice.

Abstract This paper explores the impact of disclosures of bias on advisees. Disclosure—informing advisees of a potential bias—is a popular solution for managing conflicts of interest. Prior research has focused almost exclusively on disclosures of financial conflicts of interest but little is known about how disclosures of other types of biases could impact advisees. In …

Effect of physician disclosure of specialty bias on patient trust and treatment choice. Read More »

Conflicted advice and second opinions: Benefits, but unintended consequences.

Abstract Second opinions have been advocated as an antidote to bias in advice when primary advisors have conflicts of interest. In four experiments, we demonstrate how primary advisors alter their advice due to knowledge of the presence of a second advisor. We show that advisors give more biased advice and adopt a profit-maximizing frame when …

Conflicted advice and second opinions: Benefits, but unintended consequences. Read More »