Discriminating strategic reciprocity and acquired trust in the repeated trust-game

Abstract : In repeated trust-game offers made by investors can be attributed to strategic reciprocation-based behavior. However, when a trustee is loyal, personal trust can build up between players, in the same way that lack of positive reciprocation on the part of trustees can motivate investors' distrust. Acquired personal trust or distrust and strategic reciprocation of the opponent's offers have then a cumulative and convergent influence on behavior in the trust game and are not prima facie distinguishable. We propose an experimental protocol which discriminates between these two determinants of trust. We furthermore show that acquired trust is the mere outcome of anonymous repeated interactions taking place during the experiment in the sense that it does not co-vary with an initial and independent baseline disposition to trust among investors: acquired trust crowds out background trust. Moreover, offers are sensitive to the amount and variance of trustees' returns. High returns-rate contribute to increase acquired trust between the players while the volatility of trustees' counter-offers makes them perceive as opportunistic, triggers investors' strategic behavior and detriments the acquisition of personal trust.
Type de document :
Article dans une revue
Economics Bulletin, Economics Bulletin, 2011, 31 (1), pp.177-188
Liste complète des métadonnées

https://jeannicod.ccsd.cnrs.fr/ijn_00713460
Contributeur : Sacha Bourgeois-Gironde <>
Soumis le : dimanche 1 juillet 2012 - 16:30:08
Dernière modification le : jeudi 11 janvier 2018 - 06:19:08
Document(s) archivé(s) le : mardi 2 octobre 2012 - 09:32:16

Identifiants

  • HAL Id : ijn_00713460, version 1

Collections

Citation

Sacha Bourgeois-Gironde, Anne Corcos. Discriminating strategic reciprocity and acquired trust in the repeated trust-game. Economics Bulletin, Economics Bulletin, 2011, 31 (1), pp.177-188. 〈ijn_00713460〉

Partager

Métriques

Consultations de la notice

451

Téléchargements de fichiers

296