Pillars of Trust: An Experimental Study on Reputation and Its Effects
AbstractThis paper presents the results of laboratory experiments on the relevance of reputation for trust and cooperation in social interaction. We have extended a repeated investment game by adding new treatments where reputation is taken more explicitly into account than before. We then compared treatments where the investor and the trustee rate each other and treatments where the investor and the trustee were rated by a third party. The results showed that: (i) third party reputation positively affects cooperation by encapsulating trust; (ii) certain differences in the reputation mechanism can generate different cooperation outcomes. These results have interesting implications for the recent sociological debate on the normative pillars of markets.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Sociological Research Online in its journal Sociological Research Online.
Volume (Year): 14 (2009)
Issue (Month): 5 ()
Contact details of provider:
Reputation; Trust; Cooperation; Third Party; Investment Game; Third-Party Repeated Investment Game; Laboratory Experiments; Social Norms;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Squazzoni, Flaminio & Bravo, Giangiacomo & Takács, Károly, 2013. "Does incentive provision increase the quality of peer review? An experimental study," Research Policy, Elsevier, vol. 42(1), pages 287-294.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Norris).
If references are entirely missing, you can add them using this form.