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We examine the process of building social relationships as a non-cooperative game that requires mutual consent and involves reaching out to others at a cost. Players create their social network from amongst their set of acquaintances. Having acquaintances allows players to form naive beliefs...
Persistent link: https://www.econbiz.de/10004963864
limit individuals' range of trading partners. This paper aims at understanding the determinants of trust at various social … increase in trust following a reduction in social distance comes from the fact that trustors are much more inclined to follow … trust is mainly driven by social preferences. Nevertheless, trustors underestimate their friend's intrinsic motivation to …
Persistent link: https://www.econbiz.de/10008498394
the power of our approach with the analysis of trust and trustworthiness in Germany by combining representative survey … elicit people's trust correlate well with behaviorally exhibited trust in the experiment. People above the age of 55, highly … favoring the Social Democratic Party or the Christian Democratic Party exhibit more trust. People above the age of 65 and those …
Persistent link: https://www.econbiz.de/10005068699
Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively … buyers, as well as needing to trust others and reciprocate with their network. We base our analysis on the German Socio …-Economic Panel and recently introduced questions about trust, positive reciprocity, and negative reciprocity to examine the extent …
Persistent link: https://www.econbiz.de/10008765038
In this paper we study the economic effects of risk attitudes, time preferences, trust and reciprocity while we compare …
Persistent link: https://www.econbiz.de/10008765852