Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168167
Authors: 
Ostermaier, Andreas
Uhl, Matthias
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Experiments - Decision Theory I C18-V2
Abstract: 
We examine in a lab experiment whether people are more honest in public than in private. We find that outcome-minded subjects lie less in public to conform with expectations about others' behavior, which are ironically false. Rule-minded subjects, in turn, do not respond to public scrutiny. These findings challenge the common faith in public scrutiny to promote ethical behavior. While public scrutiny can improve ethical behavior, this effect is contingent on people's mindsets and expectations.
JEL: 
D63
Document Type: 
Conference Paper

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