All Deceptions Are Not Alike: Bayesian Mechanism Design with Social Norm Against Lying

Arbeitspapier

We say that a society has a weak norm against lying if, all other things being equal, agents rather lie in such a way that they do not get caught. We show that if this is the case, and it usually is, then Bayesian monotonicity is no longer a constraint in implementation and all incentive compatible social choice functions are Bayesian implementable. In contrast to the previous literature our result derives from a refinement of the standard Bayes-Nash equilibrium that does not rely on any kind of intrinsic lying aversion on which the experimental evidence is mixed. In addition, it suggests that the so called "multiple equilibrium problem" may not be that severe.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion paper ; No. 95

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Methodology ; Noncooperative Games ; Positive Analysis of Policy Formulation and Implementation ; Asymmetric and Private Information; Mechanism Design
• Thema: Deception ; Implementation ; Incentive compatibility ; Revelation principle ; Social norms and conventions

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Korpela, Ville
• Ereignis: Veröffentlichung
• (wer): Aboa Centre for Economics (ACE)
• (wo): Turku
• (wann): 2014

Weitere Informationen

• Handle: http://hdl.handle.net/10419/233311
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ