Guilt-averse or reciprocal? Looking at behavioural motivations in the trust game

Yola Engler (), Rudolf Kerschbamer and Lionel Page

Working Papers from Faculty of Economics and Statistics, Universität Innsbruck

Abstract: For the trust game, recent models of belief-dependent motivations make opposite predictions regarding the correlation between back-transfers and second- order beliefs of the trustor: While reciprocity models predict a negative correlation, guilt-aversion models predict a positive one. This paper tests the hypothesis that the inconclusive results in previous studies investigating the reaction of trustees to their beliefs are due to the fact that reciprocity and guilt-aversion are behaviorally relevant for different subgroups and that their impact cancels out in the aggregate. We find little evidence in support of this hypothesis and conclude that type heterogeneity is unlikely to explain previous results.

JEL-codes: C25 C70 C91 D63 D64 (search for similar items in EconPapers)
Pages: 39
Date: 2016-06
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-gth, nep-net, nep-soc and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www2.uibk.ac.at/downloads/c4041030/wpaper/2016-17.pdf (application/pdf)

Related works:
Journal Article: Guilt averse or reciprocal? Looking at behavioral motivations in the trust game (2018)
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:inn:wpaper:2016-17

Access Statistics for this paper

More papers in Working Papers from Faculty of Economics and Statistics, Universität Innsbruck Contact information at EDIRC.
Bibliographic data for series maintained by Janette Walde ( this e-mail address is bad, please contact ).