Reputation, Risk, and Visibility

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1. Verfasser: Lukyanov, Georgy
Format: Preprint
Veröffentlicht: 2025
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author Lukyanov, Georgy
author_facet Lukyanov, Georgy
contents When does reputation make experts play it safe, and what policy reverses that? I isolate a single lever - visibility of outcomes. In a two-page model with binary signals and outcomes, I show: (i) with an uninformative safe option and symmetric visibility, career concerns alone do not generate conservatism; (ii) increasing failure visibility (as in Registered Reports) weakens high-reputation caution and relaxes selection. I provide a necessary-and-sufficient local sign test, agnostic about utility curvature and allowing informative safe actions, and an identification map suitable for staggered RR adoption.
format Preprint
id arxiv_https___arxiv_org_abs_2509_04037
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Reputation, Risk, and Visibility
Lukyanov, Georgy
Theoretical Economics
When does reputation make experts play it safe, and what policy reverses that? I isolate a single lever - visibility of outcomes. In a two-page model with binary signals and outcomes, I show: (i) with an uninformative safe option and symmetric visibility, career concerns alone do not generate conservatism; (ii) increasing failure visibility (as in Registered Reports) weakens high-reputation caution and relaxes selection. I provide a necessary-and-sufficient local sign test, agnostic about utility curvature and allowing informative safe actions, and an identification map suitable for staggered RR adoption.
title Reputation, Risk, and Visibility
topic Theoretical Economics
url https://arxiv.org/abs/2509.04037