 Betrayal aversion versus principled trustfulness—How to explain risk avoidance and risky choices in trust gamesDetlef Fetchenhauer and David Dunning Journal of Economic Behavior & Organization, 2012, vol. 81, issue 2, 534-541 Abstract: Are decisions in a trust game more or less sensitive to changes in risk than decisions in a purely financial, non-social decision-making task? Participants in a binary trust game (they could either keep $5 for sure or give it to a trustee with the chance of getting $10 back) were informed that their chance of interacting with a trustworthy person was either 46 percent or 80 percent and then were asked to decide whether to trust that other person. In addition, participants made a decision in a lottery (i.e., whether to gamble $5 to win $10) with the same probabilities. In the 46 percent condition, participants were significantly more willing to choose the risky option in the trust game than in the lottery. Overall, the difference in probability of receiving money back had a significantly higher impact on the lottery decision than on the decision to trust. Possible interpretations of the present study and its relation to previous findings are discussed. Keywords: Trust; Risk taking; Economic games (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:81:y:2012:i:2:p:534-541 DOI: 10.1016/j.jebo.2011.07.017 Access Statistics for this article Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D. More articles in Journal of Economic Behavior & Organization from Elsevier |
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