Economics Seminar Series: It's Time to Cheat!
- Date: Wednesday 28 October 2020, 15:00 – 16:30
- Location: Online
- Cost: Free
Natalia Montinari from the University of Bologna joins us to discuss "It's Time to Cheat!"
All are welcome to join our third 2020/2021 Autumn Term Seminar held via Zoom.
We run a laboratory experiment testing the correlation between time preferences and cheating at the individual level. In our experiment cheating increases the earnings of those who commit it and it only entails a moral cost for the cheater. Our hypothesis is that cheating is higher among individuals who attribute more importance to the present. We observe widespread cheating, and that cheating prevails among subjects who display present bias and overconfidence. Cheating is also negatively correlated with risk aversion and the discount factor, but only for men, while the impact of present bias seems to be stronger for women.