The Power of Truth: Experimental Evidence on theEconomic Implications of Truth as a Sacred Value

Some people are motivated by the non-selfish, non-strategic, and non-consequentialist “sacredvalue” of Truth. We conduct the first experiment directly assessing this phenomenon. We findthat people differ substantially in their truthfulness, with a large minority powerfully inclined tohonesty. Those who hold Truth sacred are willing to make significant monetary sacrifices,being less concerned than others with changes in truth-telling costs and with social norms.[...]

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Year of publication:	2009-10-06
Authors:	Gibson, Rajna ; Tanner, Carmen ; Wagner, Alexander F.
Institutions:	Swiss National Centre of Competence in Research North South <Bern>
Subject:	Anreiz \| Ethik \| Entscheidungsfindung \| Norm

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1. Introduction
2. Hypothesis development
3. Experimental method
4. Experimental results<b<A. Sample characteristics
B. Sacred values
C. Truthful choice and values: Univariate evidence
D. Truthful choices and values: Controlling for other factors
E. Interactions of values with costs and social norms
F. The effort task
G. Further analysis and robustness
5. Implications and conclusion
References
6. Tables and figures

Persistent link: https://www.econbiz.de/10005868986