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Beliefs and Trust: An Experiment

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  • Vyrastekova, J.
  • Garikipati, S.

    (Tilburg University, Center for Economic Research)

Abstract

In this paper, we address the concept of trust by combining (i) the self-reported trust and belief in trustworthiness of others from a general unpaid questionnaire, (ii) choices made in a social valuation task designed to measure subjects' distributional preferences, (iii) strategies submitted in the trust game in both roles of the game, and (iv) subjects' beliefs about the strategies of their co-player submitted in the form of probability distributions nad incentivized by the quadratic scoring rule.We show that trust can be expressed as a belief in positive reciprocity of the trustee, and answers to general questionnaire lack predictive power.Distributional preferences also play a role in the decision to trust in that they affect the subjects' beliefs about the positive reciprocity of others.Cooperative subjects are more optimistic in their beliefs and therefore trust more.

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2005-88.

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Date of creation: 2005
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Handle: RePEc:dgr:kubcen:200588

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Web page: http://center.uvt.nl

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Keywords: experimental economics; trust; beliefs; distributional preferences;

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References

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Citations

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Cited by:
  1. Jana Vyrastekova & Sander Onderstal, 2010. "The Trust Game behind the Veil of Ignorance: A Note on Gender Differences," Tinbergen Institute Discussion Papers 10-063/1, Tinbergen Institute.
  2. Gächter, Simon & Nosenzo, Daniele & Renner, Elke & Sefton, Martin, 2008. "Who Makes a Good Leader? Social Preferences and Leading-by-Example," IZA Discussion Papers 3914, Institute for the Study of Labor (IZA).
  3. Michael Naef & Jürgen Schupp, 2009. "Measuring Trust: Experiments and Surveys in Contrast and Combination," SOEPpapers on Multidisciplinary Panel Data Research 167, DIW Berlin, The German Socio-Economic Panel (SOEP).
  4. Simon Gaechter & Daniele Nosenzo & Elke Renner & Martin Sefton, 2009. "Who Makes A Good Leader? Cooperativeness, Optimism And Leading-By-Example," Discussion Papers 2009-19, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
  5. Kamas, Linda & Preston, Anne, 2012. "Distributive and reciprocal fairness: What can we learn from the heterogeneity of social preferences?," Journal of Economic Psychology, Elsevier, vol. 33(3), pages 538-553.
  6. Pierre Koning & J. Vyrastekova & S. Onderstal, 2006. "Team incentives in public organisations; an experimental study," CPB Discussion Paper 60, CPB Netherlands Bureau for Economic Policy Analysis.
  7. Jana Vyrastekova & Sander Onderstal & Pierre Koning, 2010. "Self-Selection and the Power of Incentive Schemes: An Experimental Study," Tinbergen Institute Discussion Papers 10-074/1, Tinbergen Institute.
  8. Fairley, Kim & Sanfey, Alan & Vyrastekova, Jana & Weitzel, Utz, 2012. "Social risk and ambiguity in the trust game," MPRA Paper 42302, University Library of Munich, Germany.

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