CeDEx
Centre for Decision Research and Experimental Economics
   
   
  

CeDEx Seminar - Daniele Nosenzo (University of Nottingham)

Location
A40 Sir Clive Granger
Date(s)
Wednesday 1st November 2017 (14:00-15:00)
Description

Preferences for Truth-telling

Abstract: Private information is at the heart of many economic activities. For decades, economists have assumed that individuals are willing to misreport private information if this maximizes their material payoff. We combine data from 90 experimental studies in economics, psychology and sociology, and show that, in fact, people lie surprisingly little. We then formalize a wide range of potential explanations for the observed behavior, identify testable predictions that can distinguish between the models and conduct new experiments to do so. None of the most popular explanations suggested in the literature can explain the data. We show that, among the broad set of models we consider, only combining a preference for being honest with a preference for being seen as honest can organize the empirical evidence.

Centre for Decision Research and Experimental Economics

Sir Clive Granger Building
University of Nottingham
University Park
Nottingham, NG7 2RD

telephone: +44 (0)115 951 4763
Enquiries: suzanne.robey@nottingham.ac.uk
Experiments: cedex@nottingham.ac.uk