| Creators: |
Kvaloy, Ola and Luzuriaga, Miguel and Olsen, Trond |
| Title: |
A Trust Game in Loss Domain |
| Item Type: |
Article or issue of a publication series |
| Projects: |
ILR |
| Journal or Series Title: |
Experimental Economics |
| Page Range: |
pp. 860-877 |
| Date: |
2017 |
| Divisions: |
Wirtschaftswissenschaften |
| Abstract: |
In standard trust games, no trust is the default, and trust generates a potential gain. We investigate a reframed trust game in which full trust is default and where no trust generates a loss. We find significantly lower levels of trust and trustworthiness in the loss domain when full trust is default than in the gain domain when no trust is default. As a consequence, trust is on average profitable in the gain domain, but not in the loss domain. We also find that subjects respond more positively to higher trust in the loss domain than in the gain domain. |
| Forthcoming: |
No |
| Language: |
English |
| Uncontrolled Keywords: |
Trust; Reciprocity; Framing; Defaults; Reference points; Experiment |
| Citation: |
Kvaloy, Ola and Luzuriaga, Miguel and Olsen, Trond
(2017)
A Trust Game in Loss Domain.
Experimental Economics, 20.
pp. 860-877.
ISSN 1573-6938
|
