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Are decisions in a trust game more or less sensitive to changes in risk than decisions in a purely financial, non-social decision-making task? Participants in a binary trust game (they could either keep $5 for sure or give it to a trustee with the chance of getting $10 back) were informed that...
Persistent link: https://www.econbiz.de/10011048084
We review research suggesting that decisions to trust strangers may not depend on economic dynamics as much as emotional and social ones. Classic treatments of trust emphasize its instrumental or consequential nature, proposing that people trust based on expectations that their trust will be...
Persistent link: https://www.econbiz.de/10011051380