Beliefs and Trust: An Experiment
In this paper, we address 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 a trust game in both roles of the game, and (iv) subjects' beliefs about the stategies of their co-player submitted in the form of probability distributions and incentivized by the quadratic scoring rule. We show that trust can be expressed as a belief in positive reciprocity by the trustee. 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 they trust more.
|Date of creation:||2005|
|Date of revision:|
|Contact details of provider:|| Postal: Management School University of Liverpool, Chatham Street, Liverpool, L69 7ZH, Great Britain|
Phone: +44(0)151 795 3108
Fax: +44(0)151 795 3004
Web page: http://www.liv.ac.uk/management/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:liv:livedp:200511. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Simon Blackman)
If references are entirely missing, you can add them using this form.