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Honesty on Trial: An Experimental Approach

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  • Francisco B. Galarza Arellano

    (Universidad del Pacífico.)

  • Grecia Barandiarán

    (Universidad del Pacífico.)

  • Sergio G. Mejía

    (Universidad del Pacífico.)

Abstract

We study honesty using a two-player deception game, where players are required to report thegroup they belong to. The payoffs depend on the decisions of each pair of players, with lyingyielding the highest individual payoff. Exploiting a between subjects design, we examine theeffect of time (delay and pressure) and information (about the decisions of her peers) on lying andinvestigate whether these effects differ by gender. Using a sample from two private universitiesin Peru, we find that, on average, participants lie less in the delay treatment compared to thetime pressure treatment, and that only the time pressure treatment shows a differential effect bygender. Additionally, we observe heterogeneity between the two colleges in both cases. Amongthe numerous potential correlates we analyze, the propensity to follow rules, risk aversion, lossaversion, guilt, and beliefs about others’ honesty all influence individual honesty.

Suggested Citation

  • Francisco B. Galarza Arellano & Grecia Barandiarán & Sergio G. Mejía, 2024. "Honesty on Trial: An Experimental Approach," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 47(94), pages 26-55.
    • Handle: RePEc:pcp:pucrev:y:2024:i:94:p:26-55
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    File URL: https://revistas.pucp.edu.pe/index.php/economia/article/view/30641/27262
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    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C16 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Econometric and Statistical Methods; Specific Distributions
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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