Guzmán, Ricardo Andrés; Harrison, Rodrigo; Abarca, Nureya - Instituto de Economía, Facultad de Ciencia Económicas … - 2013
We propose a model of strong reciprocity and trust that combines elements of personality psychology and behavioral economics. In the model, positive reciprocity and negative reciprocity are components of individual utility functions, while trust is an individual bias that distorts the beliefs...