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We study whether actions are justified by beliefs, as is usually assumed, or whether beliefs are justified by actions.In our experiment, subjects participate in a trust game, after which they have an opportunity to state their beliefs about their opponent's actions.Subsequently, subjects participate in a task designed to "reveal" their true beliefs.We find that subjects who make selfish choices and show strategic sophistication falsely state their beliefs in order to project a more favorable social image.By contrast, their "revealed" beliefs were significantly more accurate, which betrayed these subjects as knowing that their selfishness was not justifiable by their opponent's behavior.
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