Abstract
We examine under what conditions people provide accurate feedback to others. We use feedback regarding attractiveness, a trait people care about, and for which objective information is hard to obtain. Our results show that people avoid giving accurate face-to-face feedback to less attractive individuals, even if lying in this context comes at a monetary cost to both the person who gives the feedback and the receiver. A substantial increase of these costs does not increase the accuracy of feedback. However, when feedback is provided anonymously, the aversion to giving negative feedback is reduced.
Original language | English |
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Journal | Games and Economic Behavior |
Volume | 102 |
Pages (from-to) | 445-454 |
Number of pages | 10 |
ISSN | 0899-8256 |
DOIs | |
Publication status | Published - 1 Mar 2017 |
Externally published | Yes |
Keywords
- Feedback
- Laboratory experiment
- Lying
- Overconfidence
- Updating