-off) and reciprocal fairness (receiving what one is due based on one’s past actions) using dictator, ultimatum, and trust games … participants’ behavior in the ultimatum and trust games. The self-interested and efficiency maximizers make the lowest offers in … trust game. Consistent with the goal of maximizing the sum of payoffs however, efficiency maximizers and compassionate …

This paper examines whether trust is an investment decision under uncertainty, based on the expectation of … trustworthiness, and whether trustworthiness is reciprocity, conditional on one?s counterpart?s behavior. In trust experiments in … Russia, South Africa and the United States, two thirds of the subjects who trust do not expect trust to pay monetarily. We …

We examine experimentally two different types of trust: trust in another party’s cooperation and trust in ability. In …

Research on social capital routinely relies on survey measures of trust which can be collected in large and … about others' cooperation. Our analysis suggests that the standard trust question used in the World Values Survey is a proxy … recently proposed alternative to the standard trust question, seems to operate through beliefs rather than preferences. …