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Title:Testosterone, Honesty, and Status
Authors:Wibral, Matthias
Falk, Armin
Ortner, Georgia
Dohmen, Thomas
Weber, Bernd
Issue Date:2010
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Trust, Honesty, and Reputation: Neuroeconomic Evidence C5-V2
Abstract:Testosterone has been linked to status-related behaviors in animals. A similar link has been proposed for humans, but most evidence is correlative. We test this link in a double-blind experiment in which subjects either receive testosterone or a placebo. Subjects roll a die in private and report the outcome. Payment increases with self-reported outcome. The experimenter only observes the self-reported outcome. Therefore subjects have an incentive to misreport. However, reporting a high number also threatens status, status concerned individuals may therefore report more honestly. We observe cheating in both groups, but placebo subjects report higher numbers than their testosterone counterparts.
JEL:C91
D89
C99
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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