Harnessing the Benefits of Betrayal Aversion
Jason Aimone and
Daniel Houser ()
No 1030, Working Papers from George Mason University, Interdisciplinary Center for Economic Science
Recent research suggests that while there are negative effects of betrayal aversion, that the presence of betrayal-averse agents is beneficial in reducing trusteesÕ willingness to betray trust. If true, then many common knowledge institutions may have adopted institutional rules and features which mitigate the emotional disutility associated with betrayal aversion while simultaneously maintaining the high levels of reciprocation brought about by the presence of betrayal-averse agents. Here we conduct a laboratory experiment which identifies a prevalent successful institutional feature common to many every-day institutions: the voluntary, but not forced, option to discover the painful details of failed economic exchange. Length: 29
Keywords: Betrayal Aversion; Risk; Trust; Institutions (search for similar items in EconPapers)
JEL-codes: C9 D03 D81 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
Journal Article: Harnessing the benefits of betrayal aversion (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gms:wpaper:1030
Access Statistics for this paper
More papers in Working Papers from George Mason University, Interdisciplinary Center for Economic Science Contact information at EDIRC.
Bibliographic data for series maintained by Stan Tsirulnikov ().