Trust, Cooperative Behavior And Economic Success: When Trust Is The Capital Of The Person?

Alexander Tatarko

HSE Working papers from National Research University Higher School of Economics

Abstract: This article presents the results of study dedicated to the interrelation of trust, cooperative behavior and the size of the winning prize in the multi-way decision modified prisoners’ dilemma. The experiment was organized using a specially designed computer program. The study involved six groups of participants and each group consisted of 7 players. The experiment consisted of a series of 15 rounds and included preliminary and final testing. The study found that cooperative behavior within the members in the group had fallen during 11 rounds, but there was a tendency to improve it. The trust level of an individual and his/her choice of cooperative strategy in the first series of the experiment are interrelated. Generalized trust is a rather stable construct, but it does not remain unchanged with an actual reduction of cooperative behavior.

Keywords: trust; cooperative behavior; prisoners’ dilemma; economic psychology (search for similar items in EconPapers)
JEL-codes: D03 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2014
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in WP BRP Series: Science, Psychology / PSY, November 2014, pages 1-13

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Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:22psy2014

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