Journal Article10.1111/JEEA.12128
Image and misreporting
Mara Ewers,Florian Zimmermann +1 more
TL;DR: In this article, the authors analyze how image utility can lead to misreporting of private information in contexts where truthful reports maximize monetary outcomes, and suggest that overcondent appearance might be a consequence of social approval seeking.
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Abstract: In this paper we analyze how image utility can lead to misreporting of private information in contexts where truthful reports maximize monetary outcomes. In a controlled experiment, subjects go through a series of quiz questions and subsequently report a performance measure. We vary if reports are made to an audience or not. In an additional feedback treatment, reports are also stated to an audience and afterwards the experimenter publicly veries if reports were correct. We nd that in the audience treatment, stated reports are signicantly higher relative to the private treatment as well as the feedback treatment. Our ndings suggest that overcondent appearance might be a consequence of social approval seeking. (JEL: C91, D03, D82, D83)
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