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We looked at risk and ambiguity attitudes among Ethiopian peasants in one of the poorest regions of the world and compared their attitudes to a standard Western university student sample elicited by the same decision task. Strong risk aversion and ambiguity aversion were found with the Ethiopian...
Persistent link: https://www.econbiz.de/10003860719
In the past decade, the European agricultural sector has undergone rapid structural change. Part of that change is manifested in extended early retirement plans. As pensions play a crucial role in determining the characteristics the change, it is important to establish the factors determining...
Persistent link: https://www.econbiz.de/10002453394
Trust is crucial for successful collective action. A prime example is collective commercialization of agricultural …-day training on collective commercialization. We use this variation to identify effects on intra-group trust, both direct treatment … measures of trust in leaders' competence and motives and of trust in members we find that participating in the training …
Persistent link: https://www.econbiz.de/10011307900
This paper studies the role of autonomy and reciprocity in explaining control averse responses in principal-agents interactions. While most of the social psychology literature emphasizes the role of autonomy, recent economic research has provided an alternative explanation based on reciprocity....
Persistent link: https://www.econbiz.de/10011308435
social capital as measured by interpersonal and institutional trust in post-reunification Germany. We estimate the economic …
Persistent link: https://www.econbiz.de/10011308454
We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....
Persistent link: https://www.econbiz.de/10011308480
children through purposeful investments. We exploit information on the risk and trust attitudes of parents and their children … respect to risk and trust attitudes and thus transmit their own attitudes more strongly. The results are robust to including …
Persistent link: https://www.econbiz.de/10009765617
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods … employed to identify the causal impact of trust on economic performance are reviewed. We document the mechanisms of …
Persistent link: https://www.econbiz.de/10009763283
and ethnically homogeneous populations. Using trust and prisoner's dilemma games, we found that students in a neighborhood … with high Mafia involvement exhibit lower generalized trust and trustworthiness, but higher in-group favoritism, with …
Persistent link: https://www.econbiz.de/10010355860
and start over as new sellers. Buyer trust and seller trustworthiness decrease significantly when sellers can erase their … ratings. With identity changes, trust is particularly low towards new sellers since buyers cannot discriminate between truly …
Persistent link: https://www.econbiz.de/10010359305