Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - In: Journal of the European Economic Association 6 (2008) 2-3, pp. 295-320
To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (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...
