neighbors in the social network, can exert effort to manipulate the trust of others, and update their opinions about some common …. We show that manipulation can modify the trust structure and lead to a connected society. Manipulation fosters opinion …

We investigate the relationship between individual trust and individual economic performance. We find that individual … income is hump-shaped in a measure of intensity of trust beliefs. Heterogeneity of trust beliefs in the population, coupled … cheated, but give up profitable opportunities, therefore underperforming. The cost of either too much or too little trust is …