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Trust, reciprocity, and a preference for economic freedom: experimental evidence

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  • MCCANNON, BRYAN C.

Abstract

Do those who prefer economic freedom behave differently than those who prefer government intervention? Experiments of the Dictator and Trust games are studied. A survey elicits preference for private solutions to potential market failures. Trust and reciprocation are highest for those who score both high and low on the assessment. In the Dictator Game, there is a strong inverse relationship between one's preference for economic freedom and giving. Thus, the results can be interpreted as those with a strong preference for government intervention altruistically give, while those with a preference for economic freedom give primarily in response to wealth-generating investments.

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  • Mccannon, Bryan C., 2014. "Trust, reciprocity, and a preference for economic freedom: experimental evidence," Journal of Institutional Economics, Cambridge University Press, vol. 10(3), pages 451-470, September.
    • Handle: RePEc:cup:jinsec:v:10:y:2014:i:03:p:451-470_00
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    3. Bryan C. McCannon & Joshua C. Hall, 2021. "Stay‐at‐home orders were issued earlier in economically unfree states," Southern Economic Journal, John Wiley & Sons, vol. 87(4), pages 1138-1151, April.
    4. Choi, Ginny Seung & Storr, Virgil Henry, 2023. "The morality of markets in theory and empirics," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 590-607.
    5. Claudio Detotto & Bryan C. McCannon, 2017. "Economic freedom and public, non-market institutions: evidence from criminal prosecution," Economics of Governance, Springer, vol. 18(2), pages 107-128, May.
    6. Niclas Berggren & Christian Bjørnskov & Therese Nilsson, 2018. "Do Equal Rights for a Minority Affect General Life Satisfaction?," Journal of Happiness Studies, Springer, vol. 19(5), pages 1465-1483, June.

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