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The Causal Effect of Market Participation on Trust: An Experimental Investigation Using Randomized Control

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Author Info

  • Omar Al-Ubaydli

    ()
    (Interdisciplinary Center for Economic Science and Department of Economics, George Mason University)

  • Daniel Houser

    ()
    (Interdisciplinary Center for Economic Science and Department of Economics, George Mason University)

  • John V.C. Nye

    ()
    (Department of Economics, George Mason University)

  • Maria Pia Paganelli

    ()
    (Department of Economics, Trinity University)

  • Xiaofei (Sophia) Pan

    ()
    (Interdisciplinary Center for Economic Science and Department of Economics, George Mason University)

Abstract

In randomized control laboratory experiments, we find that those primed to think about markets exhibit more trusting behavior. We randomly and unconsciously prime experimental participants to think about markets and trade. We then ask them to play a trust game involving an anonymous stranger. We compare the behavior of these individuals with that of a group who are not primed to think about anything in particular. Priming for market participation affects positively the beliefs about the trustworthiness of anonymous strangers, increasing trust.

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Bibliographic Info

Paper provided by George Mason University, Interdisciplinary Center for Economic Science in its series Working Papers with number 1027.

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Length: 17
Date of creation: Sep 2011
Date of revision:
Handle: RePEc:gms:wpaper:1027

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Related research

Keywords: trust; markets; institutions; belief; priming;

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Cited by:
  1. Cappelen, Alexander W. & Sørensen, Erik Ø. & Tungodden, Bertil, 2013. "When do we lie?," Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 258-265.
  2. Samuel Bowles & Sandra Polania-Reyes, 2011. "Economic incentives and social preferences: substitutes or complements?," Department of Economics University of Siena 617, Department of Economics, University of Siena.
  3. Eric Schniter & Roman M. Sheremeta, 2014. "Predictable and Predictive Emotions: Explaining Cheap Signals and Trust Re-Extension," Working Papers 14-07, Chapman University, Economic Science Institute.
  4. Samuel Bowles & Sandra Polania-Reyes, 2012. "Economic Incentives and Social Preferences: Substitutes or Complements?," Journal of Economic Literature, American Economic Association, vol. 50(2), pages 368-425, June.

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