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Nicolas Gérard Vaillant and François-charles Wolff
''Do consumers learn from tasting scores set by experts?''
( 2012, Vol. 32 No.2 )
Using data from whisky tastings and fixed effect regressions, we find that net of any composition effect, experts report different tasting scores on average. This indicates that consumers have little to learn from absolute scores.
Keywords: expert opinion, tasting score
JEL: Z1 - Cultural Economics; Economic Sociology; Economic Anthropology: General
Manuscript Received : Nov 20 2011 Manuscript Accepted : May 09 2012

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