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Beliefs and trust : an experiment

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Author Info
Vyrastekova, Jana
Garikipati, Supriya (Tilburg University, Center for Economic Research)

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

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

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

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Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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  1. Marius Brülhart & Jean-Claude Usunier, 2004. "Verified Trust: Reciprocity, Altruism, and Noise in Trust Games," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 04.15, Université de Lausanne, Faculté des HEC, DEEP. [Downloadable!]
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  2. Håkan J. Holm & Anders Danielson, 2005. "Tropic Trust Versus Nordic Trust: Experimental Evidence From Tanzania And Sweden," Economic Journal, Royal Economic Society, vol. 115(503), pages 505-532, 04. [Downloadable!] (restricted)
  3. Offerman, Theo & Sonnemans, Joep & Schram, Arthur, 1996. "Value Orientations, Expectations and Voluntary Contributions in Public Goods," Economic Journal, Royal Economic Society, vol. 106(437), pages 817-45, July. [Downloadable!] (restricted)
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  7. U. Gneezy & W. Güth & F. Verboven, . "Presents or Investment? An Experimental Analysis," Sonderforschungsbereich 373 1998-56, Humboldt Universitaet Berlin.
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  10. McCabe, Kevin A. & Rigdon, Mary L. & Smith, Vernon L., 2003. "Positive reciprocity and intentions in trust games," Journal of Economic Behavior & Organization, Elsevier, vol. 52(2), pages 267-275, October. [Downloadable!] (restricted)
  11. Vyrastekova, Jana & Onderstal, Sander, 2005. "The trust game behind the veil of ignorance : a note on gender differences," Discussion Paper 96, Tilburg University, Center for Economic Research. [Downloadable!]
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  17. Nava Ashraf & Iris Bohnet & Nikita Piankov, 2004. "Is Trust a Bad Investment?," CREMA Working Paper Series 2004-07, Center for Research in Economics, Management and the Arts (CREMA). [Downloadable!]
  18. Laura Schechter, 2005. "Traditional Trust Measurement and the Risk Confound: An Experiment in Rural Paraguay," Artefactual Field Experiments 0077, The Field Experiments Website. [Downloadable!]
  19. Bellemare, C. & Kroger, S., 2003. "On representative trust," Discussion Paper 47, Tilburg University, Center for Economic Research. [Downloadable!]
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  21. Bohnet, Iris & Zeckhauser, Richard, 2004. "Trust, risk and betrayal," Journal of Economic Behavior & Organization, Elsevier, vol. 55(4), pages 467-484, December. [Downloadable!] (restricted)
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  22. Abigail Barr, 2003. "Trust and expected trustworthiness: experimental evidence from zimbabwean villages," Economic Journal, Royal Economic Society, vol. 113(489), pages 614-630, 07. [Downloadable!] (restricted)
  23. Berg Joyce & Dickhaut John & McCabe Kevin, 1995. "Trust, Reciprocity, and Social History," Games and Economic Behavior, Elsevier, vol. 10(1), pages 122-142, July. [Downloadable!] (restricted)
  24. Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer, vol. 10(2), pages 171-178, June. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jana Vyrastekova & Sander Onderstal & Pierre Koning, 2006. "Team incentives in public organisations; an experimental study," CPB Discussion Papers 60, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
  2. Vyrastekova, Jana & Onderstal, Sander, 2005. "The trust game behind the veil of ignorance : a note on gender differences," Discussion Paper 96, Tilburg University, Center for Economic Research. [Downloadable!]
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