Honesty on Trial: An Experimental Approach

Francisco Galarza, Grecia Barandiarán and Sergio G. Mejía
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Grecia Barandiarán: Universidad del Pacífico.
Sergio G. Mejía: Universidad del Pacífico.

Revista Economía, 2024, vol. 47, issue 94, 26-55

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.

Keywords: Honesty; experiments; incentives; gender; college students. (search for similar items in EconPapers)
JEL-codes: C01 C16 C81 C92 (search for similar items in EconPapers)
Date: 2024
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