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Abstract
A recent experimental study of Cai and Wang (2005) on strategic information
transmission reveals that subjects tend to transmit more information
than predicted by the standard equilibrium analysis. To evidence
that this overcommunication phenomenon can be explained in terms of
a tension between normative social behavior and incentives for lying, we
show in a simple sender-receiver game that subjects incurring in costs to
punish liars tell the truth more often than predicted by the logit agent
quantal response equilibria whereas subjects that do not punish liars after
receiving a deceptive message play, on the aggregate, equilibrium strategies.
Thus, we can partition the subject pool into two groups, one group
of subjects with preferences for truth-telling and one taking into account
only material incentives.
transmission reveals that subjects tend to transmit more information
than predicted by the standard equilibrium analysis. To evidence
that this overcommunication phenomenon can be explained in terms of
a tension between normative social behavior and incentives for lying, we
show in a simple sender-receiver game that subjects incurring in costs to
punish liars tell the truth more often than predicted by the logit agent
quantal response equilibria whereas subjects that do not punish liars after
receiving a deceptive message play, on the aggregate, equilibrium strategies.
Thus, we can partition the subject pool into two groups, one group
of subjects with preferences for truth-telling and one taking into account
only material incentives.
| Original language | English |
|---|---|
| Publisher | Edinburgh School of Economics Discussion Paper Series |
| Number of pages | 37 |
| Publication status | Published - 5 Sept 2006 |
Publication series
| Name | ESE Discussion Papers |
|---|---|
| No. | 128 |
Keywords / Materials (for Non-textual outputs)
- morally consistent behavior
- procedural justice
- strategic information transmission
- truth-telling
- C72
- C73
- D83
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Dive into the research topics of 'An Experimental Study of Truth-Telling in a Sender-Receiver Game'. Together they form a unique fingerprint.Research output
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An experimental study of truth-telling in a sender-receiver game
Sanchez-Pages, S. & Vorsatz, M., Oct 2007, In: Games and Economic Behavior. 61, 1, p. 86-112 27 p.Research output: Contribution to journal › Article › peer-review