experimentally investigate the relationship between intrinsic and instrumental reciprocity by running a two-period repeated trust …, and that intrinsic reciprocity is rewarded. In fact, the total level of cooperation, in which trust is reciprocated, is …

return higher shares as second-movers in a trust game. Furthermore, they invest more in rewards and punishment when they can …

determine individuals’ inclination to trust others? We implement an experimental environment that allows us to manipulate prior …’s willingness to trust others. We contrast this situation with a control condition where we keep all aspects of the prior …, subjects’ willingness to trust is substantially higher relative to subjects who made negative social experiences. No such …