{"id":215240,"date":"2015-09-01T00:00:00","date_gmt":"2015-09-01T00:00:00","guid":{"rendered":"https:\/\/www.microsoft.com\/en-us\/research\/msr-research-item\/expertise-in-the-field-fades-in-the-lab\/"},"modified":"2018-10-16T21:46:06","modified_gmt":"2018-10-17T04:46:06","slug":"expertise-in-the-field-fades-in-the-lab","status":"publish","type":"msr-research-item","link":"https:\/\/www.microsoft.com\/en-us\/research\/publication\/expertise-in-the-field-fades-in-the-lab\/","title":{"rendered":"Expertise in the Field Fades in the Lab"},"content":{"rendered":"<div class=\"asset-content\">\n<p>We conduct field and laboratory experiments on the same panel of experts, measuring the internal consistency of their predictions 1) in the field, in their domain of expertise, and 2) on a conceptually identical laboratory exercise. Experts make internally consistent predictions in the field, both in absolute terms and relative to a panel of novices, but they exhibit markedly less consistency on the isomorphic lab exercise. Possible explanations for this fading expertise include low motivation in the lab and a failure to transfer skills learned implicitly in the field to the more abstract lab setting.<\/p>\n<\/div>\n<p><!-- .asset-content --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We conduct field and laboratory experiments on the same panel of experts, measuring the internal consistency of their predictions 1) in the field, in their domain of expertise, and 2) on a conceptually identical laboratory exercise. Experts make internally consistent predictions in the field, both in absolute terms and relative to a panel of novices, [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"msr-url-field":"","msr-podcast-episode":"","msrModifiedDate":"","msrModifiedDateEnabled":false,"ep_exclude_from_search":false,"_classifai_error":"","footnotes":""},"msr-content-type":[3],"msr-research-highlight":[],"research-area":[13548,13559],"msr-publication-type":[193716],"msr-product-type":[],"msr-focus-area":[],"msr-platform":[],"msr-download-source":[],"msr-locale":[268875],"msr-post-option":[],"msr-field-of-study":[],"msr-conference":[],"msr-journal":[],"msr-impact-theme":[],"msr-pillar":[],"class_list":["post-215240","msr-research-item","type-msr-research-item","status-publish","hentry","msr-research-area-economics","msr-research-area-social-sciences","msr-locale-en_us"],"msr_publishername":"","msr_edition":"Available at SSRN 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