Beliefs and truth-telling: A laboratory experiment
AbstractWe conduct a laboratory experiment with a constant-sum sender-receiver game to investigate the impact of individuals’ first- and second-order beliefs on truth-telling. While senders are more likely to lie if they expect the receiver to trust their message (which is in line with expected payoff maximization), they are also more likely to tell the truth if they believe the receiver expects them to tell the truth. We observe no such dependence on second-order beliefs in a payoff equivalent game of matching pennies. Our results therefore indicate an impact of second-order beliefs as derived in models of guilt aversion in an antagonistic setting which is specific to strategic information transmission.
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Bibliographic InfoPaper provided by Faculty of Economics and Statistics, University of Innsbruck in its series Working Papers with number 2012-17.
Date of creation: Nov 2012
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Experiment; Sender-receiver games; Strategic information transmission; Guilt-from-blame; let-down aversion;
Find related papers by JEL classification:
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-03 (All new papers)
- NEP-CBE-2012-09-03 (Cognitive & Behavioural Economics)
- NEP-CTA-2012-09-03 (Contract Theory & Applications)
- NEP-EVO-2012-09-03 (Evolutionary Economics)
- NEP-EXP-2012-09-03 (Experimental Economics)
- NEP-GTH-2012-09-03 (Game Theory)
- NEP-SOC-2012-09-03 (Social Norms & Social Capital)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Weekly Roundup 185: A Curated Linkfest For The Smartest People On The Web!
by Miguel in Simoleon Sense on 2012-09-09 17:13:42
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