Complex Questionnaires

Jacob Glazer and Ariel Rubinstein ()

No 275824, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research

Abstract: We study a principal-agent model in which the agent is boundedly rational in his ability to understand the principal’s decision rule. The principal wishes to elicit an agent’s true profile in order to determine whether or not to grant him a certain request. The principal designs a questionnaire and commits himself to accepting certain responses. In designing such a questionnaire, the principal takes into account the bounded rationality of the agent and wishes to reduce the success probability of a dishonest agent who is trying to game the system. It is shown that the principal can construct a sufficiently complex questionnaire that will allow him to respond optimally to agents who tell the truth and at the same time to almost eliminate the probability that a dishonest agent will succeed in cheating.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 16
Date: 2014-01-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: Complex Questionnaires (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275824

DOI: 10.22004/ag.econ.275824

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