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Povel, Paul; Singh, Rajdeep; Winton, Andrew - EconWPA - 2003

We examine firm managers' incentives to commit fraud in a model where firms seek funding from investors and investors … can monitor firms at a cost in order to get more precise information about firm prospects. We show that fraud incentives … funded without committing fraud, whereas in bad times investors are more vigilant and it is harder to commit fraud …

Persistent link: https://www.econbiz.de/10005134707

Why Lying Pays: Truth Bias in the Communication with Conflicting Interests

Kawagoe, Toshiji; Takizawa, Hirokazu - EconWPA - 2005

We conduct experiments of a cheap-talk game with incomplete information in which one sender type has an incentive to misrepresent her type. Although that Sender type mostly lies in the experiments, the Receiver tends to believe the Sender's messages. This confirms ``truth bias'' reported in...

Persistent link: https://www.econbiz.de/10005556670

CONSUMER SEARCH: NOT ENOUGH OR TOO MUCH?

Zwick, Rami; Rapoport, Amnon; Lo, Alison King Chung; … - EconWPA - 2001

We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for the best alternative from a known and finite set of multi-attribute alternatives. In contrast to most previous studies, we make no distributional assumptions about the quality of...

Persistent link: https://www.econbiz.de/10005408222