Butler, Jeffrey; Giuliano, Paola; Guiso, Luigi - 2010
income is hump-shaped in a measure of intensity of trust beliefs. Heterogeneity of trust beliefs in the population, coupled … with the tendency of individuals to extrapolate beliefs about others from their own levels of trustworthiness, could … generate this non-monotonic relationship: highly trustworthy individuals tend to form overly optimistic beliefs, to assume too …