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Is there a relation between trust and trustworthiness?

  • Tamás Kovács
  • Marc Willinger

We provide new evidence about a positive correlation between the own amount sent and the own amount returned in the investment game. Our analysis relies on experimental data collected under the strategy method for establishing our main result. While the percentage returned is independent of the amount received for most of our subjects, it is strongly correlated to their amount sent as a trustor. Our analysis is based on a two-way classification of subjects : according to their trusting type and according to their reciprocal type. We show the existence of a strong correlation between trusting types and reciprocal types within subjects.

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Paper provided by LAMETA, Universtiy of Montpellier in its series Working Papers with number 10-03.

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Length: 26 pages
Date of creation: Mar 2010
Date of revision: Mar 2010
Handle: RePEc:lam:wpaper:10-03
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  1. Johansson-Stenman, Olof & Mahmud, Minhaj & Martinsson, Peter, 2005. "Trust, Trust Games and Stated Trust: Evidence from Rural Bangladesh," Working Papers in Economics 166, University of Gothenburg, Department of Economics.
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  7. Fehr, Ernst & Fischbacher, Urs & Schupp, Jürgen & von Rosenbladt, Bernhard & Wagner, Gert Georg, 2003. "A Nationwide Laboratory Examining Trust and Trustworthiness by Integrating Behavioural Experiments into Representative Surveys," CEPR Discussion Papers 3858, C.E.P.R. Discussion Papers.
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  11. Holm, Håkan & Nystedt, Paul, 2008. "Trust in surveys and games - A methodological contribution on the influence of money and location," Journal of Economic Psychology, Elsevier, vol. 29(4), pages 522-542, August.
  12. Bellemare, C. & Kroger, S., 2004. "On Representative Social Capital," Discussion Paper 2004-57, Tilburg University, Center for Economic Research.
  13. repec:dgr:kubcen:200347 is not listed on IDEAS
  14. van der Heijden, E.C.M. & Nelissen, J.H.M. & Potters, J.J.M. & Verbon, H.A.A., 1999. "Simple and Complex Gift Exchange in the Laboratory," Discussion Paper 1999-78, Tilburg University, Center for Economic Research.
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  16. Cox, James C., 2004. "How to identify trust and reciprocity," Games and Economic Behavior, Elsevier, vol. 46(2), pages 260-281, February.
  17. Bornhorst, Fabian & Ichino, Andrea & Kirchkamp, Oliver & Schlag, Karl & Winter, Eyal, 2010. "Similarities and Differences when Building Trust: the Role of Cultures," CEPR Discussion Papers 7717, C.E.P.R. Discussion Papers.
  18. Dean S. Karlan, 2005. "Using Experimental Economics to Measure Social Capital And Predict Financial Decisions," Working Papers 909, Economic Growth Center, Yale University.
  19. Gachter, Simon & Herrmann, Benedikt & Thoni, Christian, 2004. "Trust, voluntary cooperation, and socio-economic background: survey and experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 55(4), pages 505-531, December.
  20. Fiona Greig & Iris Bohnet, 2008. "Is There Reciprocity In A Reciprocal-Exchange Economy? Evidence Of Gendered Norms From A Slum In Nairobi, Kenya," Economic Inquiry, Western Economic Association International, vol. 46(1), pages 77-83, 01.
  21. Abigail Barr, 2003. "Trust and expected trustworthiness: experimental evidence from zimbabwean villages," Economic Journal, Royal Economic Society, vol. 113(489), pages 614-630, 07.
  22. Bellemare, Charles & Kröger, Sabine, 2003. "On Representative Trust," SFB 373 Discussion Papers 2003,27, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
  23. Dufwenberg, Martin & Gneezy, Uri, 2000. "Measuring Beliefs in an Experimental Lost Wallet Game," Games and Economic Behavior, Elsevier, vol. 30(2), pages 163-182, February.
  24. Altmann, Steffen & Dohmen, Thomas & Wibral, Matthias, 2007. "Do the Reciprocal Trust Less?," IZA Discussion Papers 3010, Institute for the Study of Labor (IZA).
  25. Johansson-Stenman, Olof & Mahmud, Minhaj & Martinsson, Peter, 2004. "Does stake size matter in trust games?," Working Papers in Economics 140, University of Gothenburg, Department of Economics.
  26. Andreoni, James, 1990. "Impure Altruism and Donations to Public Goods: A Theory of Warm-Glow Giving?," Economic Journal, Royal Economic Society, vol. 100(401), pages 464-77, June.
  27. Willinger, Marc & Keser, Claudia & Lohmann, Christopher & Usunier, Jean-Claude, 2003. "A comparison of trust and reciprocity between France and Germany: Experimental investigation based on the investment game," Journal of Economic Psychology, Elsevier, vol. 24(4), pages 447-466, August.
  28. Glaeser, Edward Ludwig & Laibson, David I. & Scheinkman, Jose A. & Soutter, Christine L., 2000. "Measuring Trust," Scholarly Articles 4481497, Harvard University Department of Economics.
  29. Ananish Chaudhuri & Lata Gangadharan, 2007. "An Experimental Analysis of Trust and Trustworthiness," Southern Economic Journal, Southern Economic Association, vol. 73(4), pages 959–985, April.
  30. Nava Ashraf & Iris Bohnet & Nikita Piankov, 2006. "Decomposing trust and trustworthiness," Experimental Economics, Springer, vol. 9(3), pages 193-208, September.
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