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Social and economic exchanges often occur between strangers who cannot rely on past behavior or the prospect of future interactions to establish mutual trust. Game theorists formalize this problem in several "one-shot? game ? such as the trust game - predicting noncooperation ? since the...
Persistent link: https://www.econbiz.de/10010852465
institution is present. The theoretical model demonstrates that a second institution typically should not alter a speakerâ … important departures from such rational behavior. Specifically, a second institution makes subjects more willing to trust the … already mostly truthful statements they receive, which enables them to make better decisions than when only one institution is …
Persistent link: https://www.econbiz.de/10009654100
each other infrequently and, when matched, play a prisoners’ dilemma. There exists an institution that can convey …
Persistent link: https://www.econbiz.de/10010616121
Recent insights from the ‘embodied cognition’ perspective in cognitive science, supported by neural research, provide a basis for a ‘methodological interactionism’ that transcends both the methodological individualism of economics and the methodological collectivism of (some) sociology,...
Persistent link: https://www.econbiz.de/10011090343
Declining general trust has become a serious social issue in China in recent years. This paper attempts to understand and analyze this social phenomenon from a social interaction perspective. Based on a repeated prisoners´ dilemma game on networks, it finds that the evolution of general trust...
Persistent link: https://www.econbiz.de/10011273930
The question: “How much of biological evolution based theories, as they are understood presently, apply to human behaviour?” is highly controversial and perhaps highly politicized as well. The inference that human beings are evolutionarily programmed to have urges toward aggression, rape,...
Persistent link: https://www.econbiz.de/10011258986
cooperation has been established as the prevalent behavioral pattern in a number of platforms, its habituation as an institution …
Persistent link: https://www.econbiz.de/10011259863
This article attempts to survey a large part of the growing literature on trust, trying to circumscribe this imprecise concept and especially its relations with economic theory. After reviewing different notions of trust ? particularized, generalized, trust in institutions ? it tries to explore...
Persistent link: https://www.econbiz.de/10008478420
Trust is full of puzzle and paradox.Trust is both rational and emotional. Trust can go beyond calculative self-interest, but has its limits.People may want to trust, while they may also feel threatened by it.If trust is not in place prior to a relationship, on the basis of institutions, prior...
Persistent link: https://www.econbiz.de/10011091397
We hypothesize, that power centralisation in a political system leads to more corruption due to the <p> monopoly power status of bureaucrats. Corruption again would then lead to a lower level of social capital, <p> here measured as trust, and slow down economic growth even further. Indeed, when...</p></p>
Persistent link: https://www.econbiz.de/10005652489