Trust and Cooperation
Year: 2017
Type: book
Abstract: Most of the empirical research on the role of trust as a determinant for economic prosperity relies on survey measured indicators for trust. In this chapter I discuss a number of studies providing micro-foundations of the link between survey measured trust and cooperative behavior in controlled experiments. The results suggest that the most frequently used survey item on trust correlates with a preference for making the trusting move. In contrast, a survey item on fairness is a strong predictor for a person's expectations about the other's trustworthiness. Applied to a cross-cultural perspective I discuss the radius of trust problem and investigate the role of in-group and out-group trust. In a repeated public goods game I find that out-group trust predicts cooperation in the first round of the game, whereas towards the end of the game in-group trust seems to gain importance.
Source: Oxford University Press eBooks
Author: Christian Thöni
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4236095613