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The False Consensus Effect Disappears if Representative Information and Monetary Incentives Are Given

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Author Info
Dirk Engelmann ()
Martin Strobel ()

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Abstract

We present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary incentives for revealing the actual estimation of others' behavior. In each session and round, sixteen subjects make a choice between two options simultaneously. Then they estimate the choices of a randomly selected subgroup. For half of the rounds we provide information about other subjects' choices. There we find no false consensus effect. At an aggregate level, subjects significantly underweight rather than overweight their choices. When we do not provide information, the presence of a false consensus effect cannot be detected. Copyright Kluwer Academic Publishers 2000

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File URL: http://hdl.handle.net/10.1023/A:1011472501737
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Publisher Info
Article provided by Springer in its journal Experimental Economics.

Volume (Year): 3 (2000)
Issue (Month): 3 (December)
Pages: 241-260
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Handle: RePEc:kap:expeco:v:3:y:2000:i:3:p:241-260

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Web page: http://www.springerlink.com/link.asp?id=102888

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Keywords: false consensor experimental economics

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Abbink, Klaus, and Abdolkarim Sadrieh, 1995. "RatImage - research Assistance Toolbox for Computer-Aided Human Behavior Experiments," Discussion Paper Serie B 325, University of Bonn, Germany.
  2. Offerman, Theo & Sonnemans, Joep & Schram, Arthur, 1996. "Value Orientations, Expectations and Voluntary Contributions in Public Goods," Economic Journal, Royal Economic Society, vol. 106(437), pages 817-45, July. [Downloadable!] (restricted)
  3. Selten, Reinhard & Ockenfels, Axel, 1998. "An experimental solidarity game," Journal of Economic Behavior & Organization, Elsevier, vol. 34(4), pages 517-539, March. [Downloadable!] (restricted)
  4. Jacobsen, Eva, and Abdolkarim Sadrieh, 1996. "Experimental Proof for the Motivational Importance of Reciprocity," Discussion Paper Serie B 386, University of Bonn, Germany.
  5. Camerer, Colin, 1995. "Rules for Experimenting in Psychology and Economics, and Why They Differ," Working Papers 946, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
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  1. Martin G. Kocher & Matthias Sutter, 2004. "The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games," Discussion Papers on Strategic Interaction 2004-09, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
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  2. Heijden, E.C.M. van der & Nelissen, J.H.M. & Potters, J.J.M., 2004. "Opinions on tax deductions and the consensus effect in a survey-experiment," Discussion Paper 23, Tilburg University, Center for Economic Research. [Downloadable!]
  3. Urs Fischbacher & Simon Gächter, 2006. "Heterogeneous Social Preferences and the Dynamics of Free Riding in Public Goods," IZA Discussion Papers 2011, Institute for the Study of Labor (IZA). [Downloadable!]
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  4. Werner Güth & Loreto Llorente Erviti & Anthony Ziegelmeyer, 2006. "Asymmetric Information without Common Priors: An Indirect Evolutionary Analysis of Quantity Competition," Discussion Papers on Strategic Interaction 2006-37, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
  5. Blanco, Mariana & Engelmann, Dirk & Koch, Alexander K. & Normann, Hans-Theo, 2008. "Belief Elicitation in Experiments: Is there a Hedging Problem?," IZA Discussion Papers 3517, Institute for the Study of Labor (IZA). [Downloadable!]
  6. Carsten Schmidt & Matthias Sutter & Werner Güth, 2005. "Bargaining Outside the Lab - A Newspaper Experiment of a Three-Person Ultimatum Game," Discussion Papers on Strategic Interaction 2006-04, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
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  7. Gary Charness & Brit Grosskopf, 1999. "Relative Payoffs and Happiness: An Experimental Study," Economics Working Papers 436, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2000. [Downloadable!]
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  8. Cotton, Christopher & Price, Joseph, 2006. "The Hot Hand, Competitive Experience, and Performance Differences by Gender," MPRA Paper 1843, University Library of Munich, Germany. [Downloadable!]
  9. Werner Güth & Sabine Strauß & Matthias Sutter, 2002. "Tax evasion and state productivity – An experimental study," Discussion Papers on Strategic Interaction 2002-37, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
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  10. Jeannette Brosig & Joachim Weimann & Chun-Lei Yang, 2003. "The Hot Versus Cold Effect in a Simple Bargaining Experiment," Experimental Economics, Springer, vol. 6(1), pages 75-90, June. [Downloadable!] (restricted)
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