Markets are increasingly used as information aggregation mechanisms to predict future events. If policy makers make use markets, parties may attempt to manipulate the market in order to influence decisions. We experimentally find that policymakers could still benefit from following information...

We use an experiment to study whether market competition can reduce anomalous behaviour in games. In different treatments, we employ two alternative mechanisms, the random mechanism and the auction mechanism, to allocate the participation rights to the red hat puzzle game, a well-known logical...

A common finding of the literature on dishonesty is that groups are more dishonest than individuals. We revisit this finding by making explicit the third-party harmed by subjects' dishonesty: a local charity. With this explicit third-party, we do not find groups to be more dishonest than...