Original paper
Social Norms, Information and Trust Among Strangers: Theory and Evidence
Abstract
How do norms of trust and reciprocity arise? We investigate this question by examining behavior in an experiment where subjects play a series of indefinitely repeated trust games. Players are randomly and anonymously matched each period. The parameters of the game are chosen so as to support trust and reciprocity as a sequential equilibrium when no reputational information is available. The main questions addressed are whether a social norm of...
Paper Details
Title
Social Norms, Information and Trust Among Strangers: Theory and Evidence
Published Date
Jan 1, 2009
Journal
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Notes
History