Lying in a finitely repeated game

摘要

Do people lie less in repeated interactions with the same partner than in a series of one-shot interactions with strangers? We find that under asymmetric information, senders lie substantially less if paired with the same receiver than when randomly re-matched with different receivers. However, the lying gap diminishes if the receiver is allowed to offer feedback to the sender. (C) 2021 Elsevier B.V. All rights reserved.