ISSN:
1573-6938
Keywords:
false consensor
;
experimental economics
;
C91
;
D83
;
D84
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract We present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary incentives for revealing the actual estimation of others' behavior. In each session and round, sixteen subjects make a choice between two options simultaneously. Then they estimate the choices of a randomly selected subgroup. For half of the rounds we provide information about other subjects' choices. There we find no false consensus effect. At an aggregate level, subjects significantly underweight rather than overweight their choices. When we do not provide information, the presence of a false consensus effect cannot be detected.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01669774
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