Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying … the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the … efficiency of human interactions has proven to be difficult. We show experimentally and theoretically that trust indeed has a …

We analyze the classic problem of sustaining trust when cheating and leaving trading partners is easy, and outside … repeated interaction. Hierarchies provide incentives for loyalty and allow individuals to trust agents to extent that the … inefficient withholding of trust to support group norms, and are not robust to coalitional deviations. In communities whose …

This study contrasts different effects of applying blockchain technology on a social norm of trust and individual … coordination failures by substituting the need for trust or allow for some degree of incompleteness in information and favour a … reciprocal mechanism of trust to solve for inefficiencies arising out of it. Either way, incomplete information is a necessary …

The paper extends Breggren et al. (2008, EE) on "trust and growth: a shaky relationship" by incorporating recent … developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of … documented positive trust-growth nexus is broadly confirmed. Second, when initial levels of growth come into play in determining …

altruism, trust, trustworthiness, and cooperation. For non-social experiences, we find no effect on subsequent behavior in any …