The paper presents a simulation of the dynamics of impersonal trust. It shows how a 'trust/reciprocation' norm can …

time‐of‐day of the decisions. We find a robust result of increased greed, reduced trust, and reduced trustworthiness … classic simple bargaining games (ultimatum, dictator, and trust games). Specifically, we experimentally manipulate sleep …

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 …

This paper reports an experiment evaluating the effect of gift giving on building trust. We have nested our …

develop a model with heterogeneous agents to determine aggregate trustworthiness, trust, and output. People differ according … populations would have less trust. The indirect effect, however works through the perception of trustworthiness and leads to more …Trust is often considered a determinant of economic performance. The exogeneity of trust, however, is questionable. We …

Trust and trustworthiness are key elements, both at the micro and macro level, in sustaining the working of modern … economies and their institutions. However, despite its centrality, trust continues to be considered as a “conceptual bumblebee … traditional rational choice theory and game theory. In this paper “trust responsiveness”, an alternative explanatory principle …

computational experiments to study the roles of generalized trust and social control for the stability and efficiency of IVTS …. Previous literature was ambiguous with regard to: (i) how trust and control should be operationalized formally, (ii) which, if … experiments suggest answers to all these questions. We show that both trust and control are necessary, but not sufficient to …

implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …

implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …