of trustworthiness, could generate the non-monotonic relationship between trust and income. Highly trustworthy … risk, to be cheated more often and ultimately perform less well than those who happen to have a trustworthiness level close … evidence showing that own trustworthiness and expectations of others' trustworthiness in a trust game are strongly correlated …

questions in the context of a trust game by asking participants directly about their notions of cheating. We find that: i) both … parties to a trust exchange have implicit notions of what constitutes cheating even in a context without promises or messages …; ii) these notions are not unique - the vast majority of senders would feel cheated by a negative return on their trust …

trust beliefs after several rounds of game-play. Moreover, we show that one's own type/trustworthiness can be traced back to …Trust beliefs are heterogeneous across individuals and, at the same time, persistent across generations. We investigate … one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that …

(Putnam 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this … transmission tends to be biased toward excessively conservative priors. As a result, societies can be trapped in a low-trust … equilibrium. In this context, a temporary shock to the return to trusting can have a permanent effect on the level of trust. We …

How much do cultural biases affect economic exchange? We try to answer this question by using the relative trust … European citizens have for citizens of other countries. First, we document that this trust is affected not only by objective … similarities. We then find that lower relative levels of trust toward citizens of a country lead to less trade with that country …

choose with whom within their group they want to play a trust game. Participants observe of each other age, gender …. Participants tend to trust those they trusted before and who trusted them. We do not find evidence of regional discrimination per …

This Paper discovers significant differences between southern and northern Europeans in a dynamic version of the ‘trust … game’ played by Ph.D. students from different nationalities at the European University Institute. Our version of the trust … payback for a transfer received), Southerners are being punished for their own low level of trust (i.e. having a low …

senders’ behaviour in the standard trust game, but only with his trustworthiness. By using a large sample of German households … with its trustworthiness. In this paper we resolve this puzzle by recognizing that trust has two components: a belief …Several papers study the effect of trust by using the answer to the World Values Survey (WVS) question “Generally …

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 behaviourally exhibited trust in the experiment. People above the age of 65, highly … favouring the Social Democratic Party or the Christian Democratic Party exhibit more trust. People above the age of 65 and those …

the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …We document that trust in public institutions--and particularly trust in banks, business and government--has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in …