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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 …
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We study in the laboratory the impact of private information revelation on the selection of partners when forming individual networks. Our experiment combines a "network game" and a "public-good game". In the network game, individuals decide with whom to form a link with, while in the...
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neighbors in the social network, can exert effort to manipulate the trust of others, and update their opinions about some common …. We show that manipulation can modify the trust structure and lead to a connected society. Manipulation fosters opinion …
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