Trust, Information Acquisition and Financial Decisions: A Field Experiment

Sonia Di Giannatale, Alexander Elbittar (), Patricia Rodriguez () and María-José Roa-García ()
Additional contact information
María-José Roa-García: Researcher, Economic Research Department, CEMLA (Center for Latin American Monetary Studies). Mexico City.
Authors registered in the RePEc Author Service: María José Roa García ()

Economía Mexicana NUEVA ÉPOCA, 2013, vol. XXII, issue 2, 375-401

Abstract: We study the relationship between information acquisition and trust in financial decision making. A field experiment with a variation of the trust game was conducted with the partners of a financial cooperative located in a Mexican rural area. Individuals who frequently visit friends are more trustful, those who visit their families regularly reciprocate less, and active cooperative partners reciprocate more. Individuals show interest in acquiring information on the financial status and participation in social networks of other people with whom they may establish financial transactions. However, information does not appear to affect transfers; trust seems to overshadow information acquisition in financial decision making.

Keywords: social networks; information; social preferences; field experiments; trust; reciprocity; financial development. (search for similar items in EconPapers)
JEL-codes: C93 O12 O16 Z13 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.economiamexicana.cide.edu/num_anteriore ... ia_Di_Giannatale.pdf (application/pdf)

Related works:
Working Paper: Trust, Information Acquisition and Financial Decisions: A Field Experiment (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:emc:ecomex:v:22:y:2013:i:2:p:375-401

Access Statistics for this article

Economía Mexicana NUEVA ÉPOCA is currently edited by Juan Rosellón

More articles in Economía Mexicana NUEVA ÉPOCA from CIDE, División de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Ricardo Tiscareño ( this e-mail address is bad, please contact ).