Persuasion Bias in Science: Can Economics Help?
Author(s) -
Di Tillio Alfredo,
Ottaviani Marco,
Sørensen Peter Norman
Publication year - 2017
Publication title -
the economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.683
H-Index - 160
eISSN - 1468-0297
pISSN - 0013-0133
DOI - 10.1111/ecoj.12515
Subject(s) - persuasion , outcome (game theory) , experimental economics , cheap talk , economics , baseline (sea) , psychology , welfare , dynamic inconsistency , social psychology , microeconomics , positive economics , public economics , actuarial science , political science , market economy , law
We investigate the impact of conflicts of interests on randomised controlled trials in a game‐theoretic framework. A researcher seeks to persuade an evaluator that the causal effect of a treatment outweighs its cost, to justify acceptance. The researcher can use private information to manipulate the experiment in three alternative ways: ( i ) sampling subjects based on their treatment effect, ( ii ) assigning subjects to treatment based on their baseline outcome, or ( iii ) selectively reporting experimental outcomes. The resulting biases have different welfare implications: for sufficiently high acceptance cost, in our binary illustration the evaluator loses in cases ( i ) and ( iii ) but benefits in case ( ii ).
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