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We estimate the cost of cultural biases in high-stake economic decisions by comparing agents' peer-to-peer lending choices with those the same agents make under the assistance of an automated robo-advisor. We first confirm substantial in-group vs. out-group and stereotypical discrimination,...
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economically relevant aspect of social capital, trust. We use measures of trust in strangers (or social trust), trust in neighbours … and trust in the police. We address endogeneity in the use of SNS by exploiting the variation in the availability of … infrastructures. We find that all the proxies of trust significantly decrease with participation in online networks. We discuss …
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increase of trust in business relations does not correlate with the dynamic capabilities. Instead trust acts as a trigger …
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