Butler, Jeffrey V.; Giuliano, Paola; Guiso, Luigi - Institute for the Study of Labor (IZA) - 2012
Trust beliefs are heterogeneous across individuals and, at the same time, persistent across generations. We investigate … one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that … individuals extrapolate from their own type when forming trust beliefs about the same pool of potential partners – i.e., more …