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</o:shapelayout></xml><![endif]--></head><body lang=en-AT link="#467886" vlink="#96607D" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Dear All,<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'><br>You are invited to attend the VCEE seminar on Monday, March 17, 2025, from 11:30 to 13:00 hrs Vienna time. <br><br>The seminar takes place in <b>lecture hall 7 (1<sup>st</sup> floor<i>)</i></b><i> </i><b>at Oskar-Morgenstern-Platz 1.<i><span style='color:red'><br></span></i></b><i><br></i>We will have one speaker: <b>Sebastian Fehrler</b> (University of Bremen)<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Webpage: </span><span style='font-family:"Calibri",sans-serif'><a href="https://www.google.com/url?q=http://sebastianfehrler.bplaced.net/wordpress/&sa=D&source=calendar&usd=2&usg=AOvVaw0bnNr2U7Pnd5Yswx12WE2c" target="_blank">http://sebastianfehrler.bplaced.net/wordpress/</a></span><span lang=EN-GB style='font-family:"Calibri",sans-serif'><br><br><o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Here is more information about the talk:<o:p></o:p></span></p><p style='margin:0cm'><b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-language:EN-US'>Title: </span></b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-language:EN-US'>Too Good to be True – Individual and Collective Decision-Making with Misleading Signals (with A. Hochleitner and M. Janas)</span><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='margin:0cm'><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p style='margin:0cm'><b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-language:EN-US'>Abstract:<o:p></o:p></span></b></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;mso-ligatures:none'>This study is motivated by a peculiar ancient rule which highlights the need for thorough examination and dissent in decision-making processes. It is stated in the Babylonian Talmud and demands that if a defendant is unanimously convicted by all judges, they should be acquitted. In today’s world, too, there are many cases, where overwhelming evidence, such as fabricated customer reviews, can result in deceptive conclusions. We experimentally investigate individual and collective decision-<br>making within information structures with correlated signals in one state of the world, where too much evidence has the potential to mislead, necessitating a level of sophistication for rational decision-making. Overall, participants’ performance is poor with only small differences in collective and individual decision-making accuracy. Interestingly, the more complex environment tends to encourage greater<br>honesty within heterogeneous groups, as compared to the benchmark setting with independent signals, thus validating a rather subtle game-theoretic prediction.</span><span lang=EN-GB style='font-family:"Calibri",sans-serif'><br><br><o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>If you are interested in meeting Sebastian Fehler (meeting slots of 30’) you can register via this link:<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'><a href="https://nuudel.digitalcourage.de/OO5lRX6K7NHz4pup">https://nuudel.digitalcourage.de/OO5lRX6K7NHz4pup</a><o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Best regards,<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Sylvia<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p></div></body></html>