Trust under the Prospect Theory and Quasi-Hyperbolic Preferences: A Field Experiment in Vietnam

Quang Nguyen, Marie Claire Villeval and Hui Xu
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Hui Xu: BNU - Beijing Normal University, GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: Virtually every commercial transaction has within itself an element of trust, certainly any transaction conducted over a period of time. It can be plausibly argued that much of the economic backwardness in the world can be explained by the lack of mutual confidence. (Arrow 1972)

Keywords: trust; trustworthiness; risk preferences; time preferences; Cumulative Prospect Theory; Vietnam; field experiment (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-cbe, nep-sea, nep-soc and nep-upt
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01300735v1
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Citations: View citations in EconPapers (5)

Published in Economic Development and Cultural Change, 2016, 64 (3), pp. 545-572. ⟨10.1086/685434⟩

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Journal Article: Trust under the Prospect Theory and Quasi-Hyperbolic Preferences: A Field Experiment in Vietnam (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01300735

DOI: 10.1086/685434

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