On October 19, Professor Carlos Lourenço (ISEG) will present at ISEG the study "The effect of range of outcomes and magnitude of rewards on lying behavior in anonymous dice-under-cup trials".
Abstract:
We examine the effect of changing the structure of the lying opportunity by conducting a laboratory experiment. In particular, we vary the range of possible false outcomes and the magnitude of rewards. We apply the dice-under-cup paradigm which uses anonymous dice rolls to record actual lying behavior by comparing the distribution of participants stated outcomes to the expected statistical distribution of dice roll outcomes. We find that although some small changes in lying behavior can be achieved with an increase in the possible range of outcomes and by exponentially increasing rewards, lying behavior is generally robust to changes in the lying opportunity structure. Our study concludes that lying behavior seems to be driven by the aim to achieve a certain payoff regardless of conditions.
Working paper here.
The research seminars will take place from September 21 to December 14, on Wednesdays, from 1:00 PM to 2:00 PM, at the Novo Banco Amphitheater (Quelhas Building, 4th floor).
Faculty from ISEG and other national and international schools will participate in the sessions, when they will address topics related with Economics, Management, Finance, Social Sciences, and Mathematics.
Free admission.
