We propose a novel way of measuring trust in institutions, which draws on the experimental method used to elicit time … preferences. Our measure is provided in the meaningful metric of the subjective probability of trustworthiness of the trustee. In … a lab‐in‐the‐field setting in the Philippines, we measure trust in two different financial institutions. Additionally …

of the return on saving. We find non-linearity in the fractionof wealth saved, where the specific saving pattern depends … on the sign of the real return on savings. The amount of saving is nondecreasing in initial wealth and the riskiness of … benchmark level. The solution is given as a parametric decision rule with oneunknown parameter that depends on the distribution …

of the return on saving. We find non-linearity in the fractionof wealth saved, where the specific saving pattern depends … on the sign of the real return on savings. The amount of saving is nondecreasing in initial wealth and the riskiness of … benchmark level. The solution is given as a parametric decision rule with oneunknown parameter that depends on the distribution …