How do people play a repeated trust game? : Experimental evidence

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URL:	http://ub-madoc.bib.uni-mannheim.de/2699
URN:	urn:nbn:de:bsz:180-madoc-26994
Document Type:	Working paper
Year of publication:	2004
The title of a journal, publication series:	None
Publication language:	English
Institution:	School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series:	Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject:	330 Economics
Classification:	JEL: C92 D83 C73 ,
Subject headings (SWD):	Vertrauen , Test , Wechselwirkung , Gegenseitigkeit
Keywords (English):	economic experiments , reciprocity , reinforcement learning , trust
Abstract:	We run an experiment that implements a finitely repeated version of the trust game in which players can choose in each period with whom to interact. Change in trust and trustworthiness in terms of previous experience is statistically investigated where confounding factors are controlled for. Motives such as reinforcement learning, reciprocity and rationality are useful to explain findings. Overall we find a high persistence of choice and uncover more trust and trustworthiness than in the one shot experiments. Towards the end of the game the degree of trust and trustworthiness decline.
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BASE: Bornhorst, Fabian ; Ichino, Andrea ; Kirchkamp, Oliver ; Schlag, Karl H. ; Winter, Eyal

Google Scholar: Bornhorst, Fabian ; Ichino, Andrea ; Kirchkamp, Oliver ; Schlag, Karl H. ; Winter, Eyal

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