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Trust, Trustworthiness, and Age: Experimental Evidence

Author

Listed:
  • Lukas Moritz

    (Chair of Banking and Behavioral Finance, University of Hamburg, Moorweidenstraße 18, 20148 Hamburg, Germany)

  • Nöth Markus

    (Chair of Banking and Behavioral Finance, University of Hamburg, Moorweidenstraße 18, 20148 Hamburg, Germany)

Abstract

Based on an incentivized non-anonymous trust game with 230 elementary school pupils aged between 6 and 11 years, we investigate the development of trust and trustworthiness across age groups. Trust increases with age, thereby increasing the profits of both the trustor and the trustee. The trustee keeps most of the profits. These results replicate the findings of Sutter and Kocher (2007) in that trust increases with age and trustworthiness exists in all age groups that are examined in our study; however, the amounts transferred between subjects in our experiment are substantially higher, a result which is likely to be driven by the non-anonymity in our setting.

Suggested Citation

  • Lukas Moritz & Nöth Markus, 2021. "Trust, Trustworthiness, and Age: Experimental Evidence," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 241(4), pages 419-436, August.
    • Handle: RePEc:jns:jbstat:v:241:y:2021:i:4:p:419-436:n:2
    DOI: 10.1515/jbnst-2020-0012
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    Cited by:

    1. Sunde, Uwe, 2023. "Age, longevity, and preferences," The Journal of the Economics of Ageing, Elsevier, vol. 24(C).

    More about this item

    Keywords

    trust; trustworthiness; age; experiment;
    All these keywords.

    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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