Xie, Huan; Lee, Yong-Ju - In: Games and Economic Behavior 76 (2012) 2, pp. 548-555
We study the development of a social norm of trust and reciprocity among a group of strangers via the “contagious strategy” as defined in Kandori (1992). Over an infinite horizon, the players anonymously and randomly meet each other and play a binary trust game. In order to provide the...