Open AccessJournal Article
Measuring people's trust
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In this paper, the authors measured trust and trustworthiness in British society with a newly designed experiment using real monetary rewards and a sample of the British population, finding that about 40% of people were willing to trust a stranger in their experiment, and their trust was rewarded half of the time.Abstract:
Summary. We measure trust and trustworthiness in British society with a newly designed experiment using real monetary rewards and a sample of the British population. The study also asks the typical survey question that aims to measure trust, showing that it does not predict ‘trust’ as measured in the experiment. Overall, about 40% of people were willing to trust a stranger in our experiment, and their trust was rewarded half of the time. Analysis of variation in the trust behaviour in our survey suggests that trusting is more likely if people are older, their financial situation is either ‘comfortable’ or ‘difficult’ compared with ‘doing alright’ or ‘just getting by’, they are a homeowner or they are divorced, separated or never married compared with those who are married or cohabiting. Trustworthiness also is more likely among subjects who are divorced or separated relative to those who are married or cohabiting, and less likely among subjects who perceive their financial situation as ‘just getting by’ or ‘difficult’. We also analyse the effect of attitudes towards risks on trust.read more
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References
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Journal ArticleDOI
Trust, Reciprocity, and Social History
TL;DR: In this article, the authors designed an experiment to study trust and reciprocity in an investment setting and found that observed decisions suggest that reciprocity exists as a basic element of human behavior and that this is accounted for in the trust extended to an anonymous counterpart.
Book
Behavioral Game Theory: Experiments in Strategic Interaction
TL;DR: The first substantial and authoritative effort to close this gap was made by Camerer, who used psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations as discussed by the authors.
Can We Trust Trust
TL;DR: In this article, the authors try to reconstruct what seem to me the central questions about trust that the individual contributions presented in this volume raise and partly answer, and discuss the extent to which cooperation can come about independently of trust, and also whether trust can be seen as a result rather than a precondition of cooperation.
MonographDOI
Foundations of Human Sociality - Economic Experiments and Ethnographic: Evidence From Fifteen Small-Scale Societies
Joseph Henrich,Robert Boyd,Samuel Bowles,Samuel Bowles,Colin F. Camerer,Ernst Fehr,Herbert Gintis,Herbert Gintis +7 more
TL;DR: In this article, the authors measure social norms and preferences using experimental games and find substantial variation among social groups in Bargaining and Public Goods Behavior in an Egalitarian Society of Hunter-Gatherers.
Book ChapterDOI
Social distance and other-regarding behavior in dictator games
TL;DR: In this paper, the authors argue that social distance influences other-regardedness independent of any norms of social exchange, and that when social distance decreases, the "other" is no longer some unknown individual from some anonymous crowd but becomes an identifiable victim.