Social norms, information, and trust among strangers: Theory and evidence

Economic Theory

Volumn 52, Issue 2, 2013, Pages 669-708

  Duffy, John ^a   Xie, Huan ^b   Lee, Yong Ju ^c  

^a UNIVERSITY OF PITTSBURGH   (United States)

^b Gina Cody School of Engineering and Computer Science   (Canada)

^c Samsung Advanced Institute of Technology (SAIT)   (South Korea)

Author keywords

Experimental economics; Information; Random matching; Reputational mechanisms; Social norms; Trust and reciprocity; Trust game

Indexed keywords

EID: 84875534261     PISSN: 09382259     EISSN: 14320479     Source Type: Journal    
DOI: 10.1007/s00199-011-0659-x     Document Type: Article

References (23)

1. Berg J., Dickhaut J., McCabe K.: Trust, reciprocity, and social history. Games Econ Behav 10, 122-142 (1995).
2. Bohnet I., Harmgart H., Huck S., Tyran J.-R.: Learning trust. J Eur Econ Assoc 3, 322-329 (2005).
3. Bolton G., Katok E., Ockenfels A.: How effective are electronic reputation mechanisms? An experimental investigation. Manag Sci 50, 1587-1602 (2004).
4. Bolton G., Katok E., Ockenfels A.: Cooperation among strangers with limited information about reputation. J Public Econ 89, 1457-1468 (2005).
5. Bolton G., Ockenfels A.: ERC: A theory of equity, reciprocity, and competition. Am Econ Rev 90, 166-193 (2000).
6. Brown M., Zehnder C.: Credit reporting, relationship banking, and loan repayment. J Money Credit Bank 39, 1883-1918 (2007).
7. Camerer C. F.: Behavioral Game Theory: Experiments in strategic interaction. Princeton University Press, Princeton (2003).
8. Camera G., Casari M.: Cooperation among strangers under the shadow of the future. Am Econ Rev 99, 979-1005 (2009).
9. Charness G., Du N., Yang C.-L.: Trust and trustworthiness reputations in an investment game. Games Econ Behav 72, 361-375 (2011).
10. Dal Bo P.: Social norms, cooperation and inequality. Econ Theory 30, 89-105 (2007).
11. Duffy J., Ochs J.: Cooperative behavior and the frequency of social interaction. Games Econ Behav 66, 785-812 (2009).
12. Ellison G.: Cooperation in the prisoner's dilemma with anonymous random matching. Rev Econ Stud 61, 567-588 (1994).
13. Engle-Warnick J., Slonim R. L.: Learning to trust in indefinitely repeated games. Games Econ Behav 54, 95-114 (2006a).
14. Engle-Warnick J., Slonim R. L.: Inferring repeated-game strategies from actions: evidence from trust game experiments. Econ Theory 28, 603-632 (2006b).
15. Fehr E., Schmidt K.: A theory of fairness, competition and cooperation. Q J Econ 114, 817-868 (1999).
16. Fischbacher U.: z-tree: zurich toolbox for ready-made economic experiments. Exp Econ 10, 171-178 (2007).
17. Greif A.: Reputation and coalitions in medieval trade. J Econ Hist 49, 857-882 (1989).
18. Greif A.: Contract enforceability and economic institutions in early trade: the Maghribi traders' coalition. Am Econ Rev 83, 525-548 (1993).
19. Kandori M.: Social norms and community enforcement. Rev Econ Stud 59, 63-80 (1992).
20. Keser C.: Experimental games for the design of reputation management systems. IBM Syst J 42, 498-506 (2003).
21. Milgrom P., North D., Weingast B.: The role of institutions in the revival of trade: The law merchant, private judges, and the Champagne fairs. Econ Politics 2, 1-23 (1990).
22. Xie, H., Lee, Y.-J.: Social norms and trust among strangers. Working paper, Concordia University (2011).
23. Young H. P.: Social norms. In: Durlauf, S. N., Blume, L. E. (eds) The New Palgrave Dictionary of Economics, 2nd edn, Palgrave Macmillan, New York (2008).