of trustworthiness, could generate the non-monotonic relationship between trust and income. Highly trustworthy … evidence showing that own trustworthiness and expectations of others' trustworthiness in a trust game are strongly correlated …A vast literature has investigated the relationship between trust and aggregate economic performance. We investigate …

trust beliefs after several rounds of game-play. Moreover, we show that one's own type/trustworthiness can be traced back to …Trust beliefs are heterogeneous across individuals and, at the same time, persistent across generations. We investigate … one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that …

questions in the context of a trust game by asking participants directly about their notions of cheating. We find that: i) both … parties to a trust exchange have implicit notions of what constitutes cheating even in a context without promises or messages …; ii) these notions are not unique – the vast majority of senders would feel cheated by a negative return on their trust …

questions in the context of a trust game by asking participants directly about their notions of cheating. We find that: i) both … parties to a trust exchange have implicit notions of what constitutes cheating even in a context without promises or messages …; ii) these notions are not unique - the vast majority of senders would feel cheated by a negative return on their trust …

a principal-agent model with heterogeneous players to determine the aggregate amount of trustworthiness and trust in a … trustworthiness and trust are formed. A direct effect suggests that more caution leads to less societal trust. An indirect effect of … greater caution, working through trustworthiness, leads to more trust. Paradoxically, the net effect is almost always positive …

cannot be culture-free. …