Too Good to Be True – Individual and Collective Decision-Making with Misleading Signals

The authors thank Malte Baader, Urs Fischbacher, Niall Hughes, Maik Schneider, the research groups at TWI, CBID, and NYUAD, and participants at several seminars, workshops and conferences for valuable comments. The study obtained ethical approval by the GfeW (No. 6aJqoedH). A pre-analysis plan of the experiment was registered at the AEA registry as AEARCTR-0006323. The authors also thank Aigerim Shintayeva for excellent research assistance.