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In this article a simple game is used to develop a concept of trust that takes account of boundedly rational behavior … there remains a risk that the second mover does not perform as promised. Trust consists of accepting this risk. The paper … also discusses the efficiency of trust and the role of the law in separating trustworthy from non trustworthy people. …
Persistent link: https://www.econbiz.de/10010296910
The paper shows that being able to forecast another player's actual cooperation better than pure chance can change players' strategic incentives in a one-shot simultaneous PD-situation. In particular, it is shown that if both players have such ability (to forecast each others' actual choices...
Persistent link: https://www.econbiz.de/10010296941
Control and trust are recurring themes in the analysis of the management of International Joint Ventures (IJVs). Both …, studies that have empirically tested the existence and nature of the mechanisms that are assumed to link control and trust to … taking place between the JV partners. Analysing the interaction processes in the context of control, trust and performance is …
Persistent link: https://www.econbiz.de/10010296984
We investigate the relationship between religion and trust. Using a questionnaire, we measure: i) general religiosity …, and; ii) the extent of religious beliefs, experience, and ritual. These are then analyzed with behaviour in a trust game …
Persistent link: https://www.econbiz.de/10010297242
have been identified. However, the impact of trust on reforms has so far never been addressed. We provide theoretical … arguments why trust should influence institutional changes and test the relationship empirically. We find a significant positive … relation between trust and reforms with regard to government size, the legal system, and deregulation of private businesses and …
Persistent link: https://www.econbiz.de/10010298064
We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function not only of the objective characteristics of the stock, but also of the subjective...
Persistent link: https://www.econbiz.de/10010298311
and performance-based incentive systems will induce a similar crowding out effect of trust. Thus, the objective of our … alternative corporate governanceapproach, which considers trust as a relevant alternative for designing efficient corporate …
Persistent link: https://www.econbiz.de/10010298508
The aim of this paper is threefold: we first discuss the appropriateness of the traditional trust-game-tree for the … analysis of trust relationships. Following the definition put forward by Lee et al. (2005) that confident expectations and a … willingness to be vulnerable are critical components of all definitions of trust, we relate these criteria to the subjective …
Persistent link: https://www.econbiz.de/10010300417
the power of our approach with the analysis of trust and trustworthiness in Germany by combining representative survey … elicit people's trust correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly … favoring the Social Democratic Party or the Christian Democratic Party exhibit more trust. People above the age of 65 and those …
Persistent link: https://www.econbiz.de/10010300553
There is a growing interest in cross-border medical care and its comparative advantages. In addition, medical care can be defined as a local assurance good. Little research is being carried out in this field. This paper discusses the individual considerations for medical treatment offered at...
Persistent link: https://www.econbiz.de/10010301355