The Relationship between Years of Education and Honesty in Decision Making: An Experimental Study in College Students
PDF
XML
HTML Full Text

Keywords

economic behavior
honesty
experimental design
life-cycle theory
economic decision-making

How to Cite

Lopez-Lozano, J. K., & Alonso-Díaz, S. (2025). The Relationship between Years of Education and Honesty in Decision Making: An Experimental Study in College Students. Universitas Psychologica, 24, 1-10. https://doi.org/10.11144/Javeriana.upsy24.ryeh
Almetrics
 
Dimensions
 

Google Scholar
 
Search GoogleScholar

Abstract

Previous research has found that age, gender, social status, and some professions are correlated with honesty. However, it is unclear whether a central stage in higher education, undergraduate, affects honest behavior. Given that most undergraduate programs now emphasize the importance of ethics we expected modifications in honest behavior via education or changes in individual economic contexts (e.g. internships). To this end, undergraduate students of the first two and the last two semesters of economics and business, in an university with mandatory ethics courses, tossed a fair coin anonymously and reported the result through a survey (between-subjects design). Heads had monetary benefits in addition to the base pay for participating. It was found that both first and last semester students report probabilities significantly higher than 0.5. Activating professional identity slightly reduced this tendency and posterior probabilities indicate only a small increase in misreporting in the last semesters. The results suggest persistent dishonesty, observable from the start of higher education.

PDF
XML
HTML Full Text

Attanasio, O. P., & Székely, M. (1999). Ahorro de los hogares y distribución del ingreso en México. Economía Mexicana, Nueva Época, 8(2), 267–338. http://www.economiamexicana.cide.edu/num_anteriores/VIII-2/03_ORAZIO_ATTANASIO_267-338.pdf

Bertrand, M., Djankov, S., Hanna, R., & Mullainathan, S. (2007). Obtaining a driver’s license in India: An experimental approach to studying corruption. The Quarterly Journal of Economics, 122(4), 1639–1676. https://doi.org/10.1162/qjec.2007.122.4.1639

Bicchieri, C. (2006). The grammar of society. The nature and dynamics of social norms. Cambridge University Press.

Capretto, T., Piho, C., Kumar, R., Westfall, J., Yarkoni, T., & Martin, O. A. (2022). Bambi: A simple interface for fitting Bayesian linear models in Python. Journal of Statistical Software, 103(15), 1-29. https://doi.org/10.18637/jss.v103.i15

Cassar, A., Friedman, D., & Schneider, P. H. (2009). Cheating in markets: A laboratory experiment. Journal of Economic Behavior & Organization, 72, 240-259. https://doi.org/10.1016/j.jebo.2009.03.015

Cohn, A., Fehr, E., & Marechal, M. A. (2014). Business culture and dishonesty in the banking industry. Nature, 516, 86–89. https://doi.org/10.1038/nature13977

Dane, E., & Sonenshein, S. (2014). On the role of experience in ethical decision making at work: An ethical expertise perspective. Organizational Psychology Review, 5(1), 74–96. https://doi.org/10.1177/2041386614543733

Fehr, E., Bernhard, H., & Rockenbach, B. (2008). Egalitarianism in young children. Nature, 454(7208), 1079–1083. https://doi.org/10.1038/nature07155

Frey, B. S., & Oberholzer-Gee, F. (1997). The Cost of Price Incentives: An Empirical Analysis of Motivation Crowding- Out. The American Economic Review, 87(4), 746–755. https://www.jstor.org/stable/2951373

Gächter, S., & Schulz, J. F. (2016). Intrinsic honesty and the prevalence of rule violations across societies. Nature, 531(7595), 496–499. https://doi.org/10.1038/nature17160

Gerlach, P., Teodorescu, K., & Hertwig, R. (2019). The Truth About Lies: A Meta-Analysis on Dishonest Behavior. Psychological Bulletin, 145(1), 1–44. https://doi.org/10.1037/bul0000174.supp

Huber, C., & Huber, J. (2020). Bad bankers no more? Truth-telling and (dis)honesty in the finance industry. Journal of Economic Behavior and Organization, 180, 472–493. https://doi.org/10.1016/j.jebo.2020.10.020

Molyneux, M. (2020, January 15). Adolescence: policy opportunities and challenges. UNICEF. https://www.unicef.org/innocenti/stories/adolescence-policy-opportunities-and-challenges

Parra, D. (2024). Eliciting dishonesty in online experiments: The observed vs. mind cheating game. Journal of Economic Psychology, 102, 102715. https://doi.org/10.1016/j.joep.2024.102715

Rutledge, R. B., Smittenaar, P., Zeidman, P., Brown, H. R., Adams, R. A., Lindenberger, U., Dayan, P., & Dolan, R. J. (2016). Risk Taking for Potential Reward Decreases across the Lifespan. Current biology, 26(12), 1634–1639. https://doi.org/10.1016/j.cub.2016.05.017

Sañudo, M., & Palifka, B. J. (2018). Corrupción académica y su influencia en la democracia. 41, 21–37. https://doi.org/10.4067/S0718-92732018000300021

Sulitzeanu-Kenan, R., Tepe, M., & Yair, O. (2022). Public-Sector Honesty and Corruption: Field Evidence from 40 Countries. Journal of Public Administration Research and Theory, 32(2), 310–325. https://doi.org/10.1093/jopart/muab033

Transparency.org. (2024). Corruption Index. https://www.transparency.org/en/cpi/2024

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright (c) 2025 Jennifer Karina Lopez-Lozano, Santiago Alonso Díaz