Holm, Håkan () (Department of Economics, Lund University) Nystedt, Paul () (Department of Economics and Management, Linköping University)
Abstract
This paper investigates trust in situations, where decision-makers are large groups and the decision-mechanism is collective, by developing a game to study trust behavior. Theories from behavioral economics and psychology suggest that trust in such situations may differ from individual trust. Experimental results here reveal a large difference in trust but not in trustworthiness between the individual and collective setting. Furthermore, an artefactual field experiment captures the determinants of collective trust behavior among two cohorts in the Swedish population. One result is that beliefs about the other and the own group are strongly associated with collective trustworthiness and trust behavior.
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Publisher Info
Paper provided by Lund University, Department of Economics in its series Working Papers with number
2007:1.
Length: 58 pages Date of creation: 20 Dec 2006 Date of revision: Handle: RePEc:hhs:lunewp:2007_001
Contact details of provider: Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund,Sweden Phone: +46 +46 222 0000 Fax: +46 +46 2224613 Web page: http://www.nek.lu.se/ More information through EDIRC
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Find related papers by JEL classification: C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
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