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Beliefs and truth-telling: A laboratory experiment

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  • Peeters, Ronald
  • Vorsatz, Marc
  • Walzl, Markus

Abstract

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.

Suggested Citation

  • Peeters, Ronald & Vorsatz, Marc & Walzl, Markus, 2015. "Beliefs and truth-telling: A laboratory experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 113(C), pages 1-12.
  • Handle: RePEc:eee:jeborg:v:113:y:2015:i:c:p:1-12
    DOI: 10.1016/j.jebo.2015.02.009
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Karl H. Schlag & Joël J. van der Weele, 2015. "A method to elicit beliefs as most likely intervals," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 10(5), pages 456-468, September.
    2. Behnk, Sascha & Barreda-Tarrazona, Iván & García-Gallego, Aurora, 2014. "The role of ex post transparency in information transmission—An experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 101(C), pages 45-64.
    3. Ronald Peeters & Marc Vorsatz, 2018. "Simple guilt and cooperation," Working Papers 1801, University of Otago, Department of Economics, revised Jan 2018.

    More about this item

    Keywords

    Experiment; Sender–receiver games; Strategic information transmission; Belief elicitation; Guilt aversion;

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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