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We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with … equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains …
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trust and trade efficiency. Guided by feedback patterns observed on eBay and other platforms, we run laboratory experiments …, leading to more accurate reputation information, more trust, and more efficient trade. We discuss the implications for theory … building and for managing the redesign of market trust systems. <i>This paper was accepted by Teck Ho, decision analysis.</i> …
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behavior. Our laboratory experiment shows how a small change in the design of feedback withdrawal rules, allowing unilateral …
Persistent link: https://www.econbiz.de/10012499119
We study experimentally when, why, and how people intervene in others' choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to provide advice, believing Choosers...
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. We conduct a behavioral experiment that confirms these predictions, both for experimental variation in the costs of …
Persistent link: https://www.econbiz.de/10011863553
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