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The Causal Effect of Market Participation on Trust: An Experimental Investigation Using Randomized Control

Omar Al-Ubaydli (), Daniel Houser (), John Nye, Maria Paganelli () and Xiaofei Pan
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Maria Paganelli: Department of Economics, Trinity University

No 1027, Working Papers from George Mason University, Interdisciplinary Center for Economic Science

Abstract: In randomized control laboratory experiments, we find that those primed to think about markets exhibit more trusting behavior. We randomly and unconsciously prime experimental participants to think about markets and trade. We then ask them to play a trust game involving an anonymous stranger. We compare the behavior of these individuals with that of a group who are not primed to think about anything in particular. Priming for market participation affects positively the beliefs about the trustworthiness of anonymous strangers, increasing trust.

Keywords: trust; markets; institutions; belief; priming (search for similar items in EconPapers)
JEL-codes: D02 D23 D64 D84 O12 O43 P10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp and nep-soc
Date: 2011-09
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