Many economic interactions rely on trust, which is sometimes violated. The fallout from business fraud and other … malfeasance shows serious economic consequences of trust violations. Simple rules mandating minimum standards are attractive … because they prevent the most egregious trust violations. However, such rules may undermine more trusting and reciprocal …

group plays the game for the second part of the experiment. Our results show that the arrival of newcomers decreases trust … among group members and this decrease in trust negatively affects group performance. Knowing the performance history of the …

We examine behavior in a three-player trust game in which the first player may invest in the second and the second may …

We design an experiment to examine welfare and behavior in a multi-level trust game representing a pass through … affect welfare. However, transparency regarding exchanges between the intermediary and borrower promotes trust on the part of …

In the absence of enforceable contracts, many economic and personal interactions rely on trust and reciprocity … on reciprocation prevent the most egregious trust violations, but may also undermine behavior that would have otherwise … trust games. We find that rules fail to increase trust and trustworthiness. Thus low minimum standards significantly …