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Survey data from Bulgaria show that people who had experienced a loss during a banking crisis are significantly more likely to expect a new crisis. This result holds despite 12 years between the earlier crisis and the survey, and the dramatically improved performance of the financial sector and...
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. Thus, in commercial bank relationships within Ghana, strategies should be tailored around instilling trust as reflected by …
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We examine the role of trust in households' decisions to hold a bank account and to switch to a new bank. We explore … well as measures of trust in the households' main bank and the banking sector. We find that households who distrust the … if they do not trust their current one. The estimated relationships persist over and above a range of socioeconomic …
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-temporal discounting and uncertainty avoidance, a poor information level of the popu-lation and deeply shattered trust in national … procedural fairness (i.e. satisfaction with the way democracy works) to-gether with trust are the keys for the acceptance of … strategies. They may also back the development of more convincing crisis strategies. At least for those countries where the trust …
Persistent link: https://www.econbiz.de/10011410991
Under asymmetric information, dishonest sellers lead to market unraveling in the lemons model. An additional cost of dishonesty is that language becomes cheap talk. We develop instead a model where people derive utility from actions (what they say), as well as from outcomes, so talk is costly....
Persistent link: https://www.econbiz.de/10010323274
In recent years, many social scientists have claimed that trust plays an important role in economic and social … transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the … identification of the exact role of trust in economic interactions has proven to be elusive. It is still not clear whether trust is …
Persistent link: https://www.econbiz.de/10011600798
preferences such as risk preference, and crucial beliefs about the world, such as trust. This paper provides evidence on the three …
Persistent link: https://www.econbiz.de/10010264365