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Aggressive elites and vulnerable entrepreneurs: Trust and cooperation in the shadow of conflict

Mehlum, Halvor; Moene, Karl Ove - 2010

We explore the implications of having a divided society where group leaders have motives for aggression towards other groups but where entrepreneurs have a desire for cooperation and peace. We assert that it is members of the elites who start conflicts and wage wars while the entrepreneurs...

Persistent link: https://www.econbiz.de/10010285564

Overconfidence and bubbles in experimental asset markets

Michailova, Julija; Schmidt, Ulrich - 2011

This paper investigates the relationship between market overconfidence and occurrence of stock-price bubbles. Sixty participants traded stocks in ten experimental asset markets. Markets were constructed on the basis of subjects' overconfidence, measured in pre-experimental sessions. The most...

Persistent link: https://www.econbiz.de/10010285715

Trust, confidence and economic growth: An evaluation of the Beugelsdijk Hypothesis

Volland, Benjamin - 2010

This paper analyses the hypothesis that the robust relationship between trust - as measured by the World Values Survey's question 'In general, do you think that most people can be trusted, or that you can't be too careful in dealing with people?' - and economic growth, established by empirical...

Persistent link: https://www.econbiz.de/10010286474

The long shadow of income on trustworthiness

Ermisch, John; Gambetta, Diego - 2011

We employ a behavioural measure of trustworthiness obtained from an experiment carried out with a sample of the general British population whose individuals were extensively interviewed on earlier occasions. Our basic finding is that given past income, higher current income increases...

Persistent link: https://www.econbiz.de/10010288966

Trust and cheating

Butler, Jeffrey V.; Giuliano, Paola; Guiso, Luigi - 2012

When we take a cab we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract or promise to take the shortest possible path. Is our decision to take the cab affected by our belief that we may end up feeling cheated? Is the behavior of the driver affected...

Persistent link: https://www.econbiz.de/10010289880

Trust, values and false consensus

Butler, Jeffrey V.; Giuliano, Paola; Guiso, Luigi - 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...

Persistent link: https://www.econbiz.de/10010289911

Trust and trustworthiness under the prospect theory: A field experiment in Vietnam

Nguyen, Quang; Villeval, Marie-Claire; Xu, Hui - 2012

We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in Vietnamese villages and by estimating the parameters of the Cumulative Prospect Theory and of quasi-hyperbolic time preferences. We find that while probability sensitivity or risk...

Persistent link: https://www.econbiz.de/10010289986

Bootstrap confidence sets with weak instruments

Davidson, Russell; MacKinnon, James G. - 2011

We study several methods of constructing confidence sets for the coefficient of the single right-hand-side endogenous … constructing bootstrap confidence sets based on t statistics. In large samples, the procedures that generally work best are CLR … confidence sets using asymptotic critical values and bootstrap confidence sets based on LIML estimates. …

Persistent link: https://www.econbiz.de/10010290371

The eurozone crisis and citizens' shattered systemic trust

Roth, Felix - In: Intereconomics 47 (2012) 3, pp. 138-139

Persistent link: https://www.econbiz.de/10010290835

Das Ende des Vertrauens? LIBOR-Referenzzinssatz

Klein, Christian - In: Wirtschaftsdienst 92 (2012) 8, pp. 504-505

LIBOR-Referenzzinssatz : das Ende des Vertrauens?

Persistent link: https://www.econbiz.de/10010290949