Duffy, John; Xie, Huan; Lee, Yong-Ju - In: Economic Theory 52 (2013) 2, pp. 669-708
Can a social norm of trust and reciprocity emerge among strangers? We investigate this question by examining behavior in an experiment where subjects repeatedly play a two-player binary “trust” game. Players are randomly and anonymously paired with one another in each period. The main...