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2014 | nr 38 | 129--149
Tytuł artykułu

The role of dynamics for trust development. An experimental study

Autorzy
Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
We report results from a trust game applied in a dynamic setting, which enhances investment possibilities and offers higher potential payoff from cooperation. The proposed approach better reflects the predicaments people face in concluding informal contracts and enables to investigate dynamics of cooperation relationships between players. Although, transferred shares of the disposable endowment do not differ significantly across the standard and modified games, in the absolute values people send more in the dynamic context. Our results suggest that the dynamic setting of the relationship, which has been often ignored in previous studies, might be an important determinant of trust. (original abstract)
Słowa kluczowe
Rocznik
Numer
Strony
129--149
Opis fizyczny
Twórcy
autor
  • University of Warsaw, Poland
Bibliografia
  • Anderhub, V. and Engelmann, D. and Güth, W., 2002, "An experimental study of the repeated trust game with incomplete information," Journal of Economic Behavior and Organization, Vol. 48, No. 2, p. 197-216.
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  • Bernheim, B.D. and Whinston, M.D., 1998, "Incomplete contracts and strategic ambiguity," American Economic Review Vol. 88, p. 902-932.
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  • Camerer, C., 2003, Behavioral game theory. Experiments in Strategic Interaction, Princeton University Press, Princeton.
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  • Engle-Warnick, J. and Slonim, R.L., 2006, "Learning to trust in indefinitely repeated games," Games and Economic Behavior Vol. 54, No. 1, p. 95-114.
  • Fehr, E. and Schmidt, K.M., 1999, "A theory of fairness, competition and cooperation," Quarterly Journal of Economics Vol. 108, p. 437-459.
  • Fershtman, C. and Gneezy, U., 2001, "Discrimination in a segmented society: an experimental approach," Quarterly Journal of Economics Vol. 116, p. 351-377.
  • Glaeser, E. and Laibson, D. and Scheinkman, J. and Soutter, C., 2000, "Measuring trust," Quarterly Journal of Economics Vol. 115, p. 811-846.
  • Greiner, B. and Ockenfels, A. and Werner, P., 2012, "The dynamic interplay of inequality and trust - an experimental study," Journal of Economic Behavior and Organization Vol. 81, No. 2, p. 355-365.
  • Keser, C., 2002, Trust and reputation building in e-commerce, Working paper No. 2002s-75. CIRANO Scientific Series.
  • Kreps, D.M. and Milgrom, P. and Roberts, J. and Wilson, R., 1982, "Rational cooperation in the finitely repeated prisoners' dilemma," Journal of Economic Theory Vol. 27, No. 2, p. 245-252.
  • Kreps, D.M. and Wilson, R., 1982, "Reputation and imperfect information," Journal of Economic Theory Vol. 27, No. 2, p. 253-279.
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171332029

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