of trustworthiness, could generate the non-monotonic relationship between trust and income. Highly trustworthy … risk, to be cheated more often and ultimately perform less well than those who happen to have a trustworthiness level close … to the mean of the population. On the other hand, the low-trustworthiness types form beliefs that are too conservative …

with the tendency of individuals to extrapolate beliefs about others from their own levels of trustworthiness, could … trustworthiness of the population. On the other hand, less trustworthy individuals form overly pessimistic beliefs and avoid being … experimental findings. We show that in the trust game, own trustworthiness and beliefs about others' trustworthiness are strongly …

with the tendency of individuals to extrapolate beliefs about others from their own levels of trustworthiness, could … trustworthiness of the population. On the other hand, less trustworthy individuals form overly pessimistic beliefs and avoid being … experimental findings. We show that in the trust game, own trustworthiness and beliefs about others’ trustworthiness are strongly …

of trustworthiness, could generate the non-monotonic relationship between trust and income. Highly trustworthy … risk, to be cheated more often and ultimately perform less well than those who happen to have a trustworthiness level close … to the mean of the population. On the other hand, the low-trustworthiness types form beliefs that are too conservative …