Preferences for Truthfulness: Heterogeneity Among and Within Individuals

A total of 261 subjects (median age: 23 years) participated in this online experiment. We recruited participants from undergraduate classes at the University of Zurich (Switzerland). 50 percent of the participants were economics and finance students, 40 percent psychology students, and 10 percent students from other fields. 42 percent were women and 58 percent were men (distributed across the fields). Participants received a fixed amount as payment for their participation and an additional variable amount as compensation determined by their choices. Anonymity was ensured.