We investigate experimentally whether higher trust leads to increased performance by relying on simple trust games. Our results show that trust and performance are positively related but not as strongly as suggested in the investment game. As a side result, we observe that the rewards of the...

Many people vote in large elections with costs to vote although the expected benefits would seem to be infinitesimal to a rational mind. We exhibit two necessary conditions that a theory of rational decision must satisfy in order to solve the paradox. We then show that prospect and regret...