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Home > Beliefs and truth-telling: A laboratory experiment

Beliefs and truth-telling: A laboratory experiment

Article
Author/s: 
Ronald Peeters, Marc Vorsatz, Markus Walzl
Journal of Economic Behavior & Organization
Issue number: 
Volume 113, May 2015
Publisher: 
Elsevier
Year: 
2015
Journal pages: 
1-12
Journal article [1]
We conduct a laboratory experiment with a constant-sum sender–receiver game and a sequential game of matching pennies with the same payoff structure to investigate the impact of individuals’ first- and second-order beliefs on truth-telling. While first-movers in matching pennies choose an action at random, senders in the sender–receiver game tell the truth more often than they lie. Since second-order beliefs are uncorrelated with actions in both games, excessive truth-telling is unlikely to be driven by guilt aversion or preferences for truth-telling that are based on second-order beliefs; preferences for truth-telling per-se, on the other hand, cannot be rejected.
Tags: 
Experiments [2]
Game Theory & Graphs [3]

Source URL:http://www.coalitiontheory.net/content/beliefs-and-truth-telling-laboratory-experiment

Links
[1] http://www.sciencedirect.com/science/article/pii/S016726811500044X [2] http://www.coalitiontheory.net/research-areas/experiments [3] http://www.coalitiontheory.net/research-areas/game-theory-graphs