Trust in triads: An experimental study

Vincent Buskens
Pairs of trustors play finitely repeated Trust Games with the same trustee in a laboratory experiment. We study trustfulness of the trustor and trustworthiness of the trustee. We distinguish between learning and control effects on behavior. Learning effects are related to the trustor’s information on past behavior of the trustee. Control effects are related to the trustor’s opportunities for sanctioning a trustee in future interactions. The design of the experiment, with respect to trustfulness, allows...
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