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We experimentally investigate the nature of cooperation in various repeated games, with subjects from Romania and USA. We find stark cross-country differences in the propensity to sustain multilateral cooperation through bilateral rewards and punishments. U.S. groups perform well because...
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To trust is to risk. When we lend someone money, we make ourselves vulnerable, hoping or expecting that the borrower … will reward our trust and return the money at a later stage, possibly with interest or a reciprocal favor added. This paper … examines whether willingness to trust follows the same logic, that is, whether it responds to changes in the expected value of …
Persistent link: https://www.econbiz.de/10014191290