Mistakes, Overconfidence, and the Effect of Sharing on Detecting Lies
American Economic Review
vol. 111,
no. 10, October 2021
(pp. 3160-83)
Abstract
Mistakes and overconfidence in detecting lies could help lies spread. Participants in our experiments observe videos in which senders either tell the truth or lie, and are incentivized to distinguish between them. We find that participants fail to detect lies, but are overconfident about their ability to do so. We use these findings to study the determinants of sharing and its effect on lie detection, finding that even when incentivized to share truthful videos, participants are more likely to share lies. Moreover, the receivers are more likely to believe shared videos. Combined, the tendency to believe lies increases with sharing.Citation
Serra-Garcia, Marta, and Uri Gneezy. 2021. "Mistakes, Overconfidence, and the Effect of Sharing on Detecting Lies." American Economic Review, 111 (10): 3160-83. DOI: 10.1257/aer.20191295Additional Materials
JEL Classification
- C91 Design of Experiments: Laboratory, Individual
- D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- L82 Entertainment; Media