EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/35621
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorFehr, Ernsten_US
dc.date.accessioned2009-01-21en_US
dc.date.accessioned2010-07-07T11:54:02Z-
dc.date.available2010-07-07T11:54:02Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-2009010729en_US
dc.identifier.urihttp://hdl.handle.net/10419/35621-
dc.description.abstractIn recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic interactions has proven to be elusive. It is still not clear whether trust is just an epiphenomenon of good institutions or whether it plays an independent causal role capable of shaping important aggregate economic outcomes. In this paper, I rely on a behavioral definition of trust that enables us to relate it to economic primitives such as preferences and beliefs. I review strong biological and behavioral evidence indicating that trusting is not just a special case of risk-taking, but based on important forms of social preferences such as betrayal aversion. Behaviorally defined trust also opens the door for understanding national and ethnic trust differences in terms of differences in preferences and beliefs, and it suggests ways to examine and interpret a causal role of trust.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 3895en_US
dc.subject.jelC7en_US
dc.subject.jelD00en_US
dc.subject.jelD2en_US
dc.subject.jelD7en_US
dc.subject.jelD8en_US
dc.subject.ddc330en_US
dc.subject.keywordTrusten_US
dc.subject.keywordpreferencesen_US
dc.subject.keywordbeliefsen_US
dc.subject.keywordbiological basisen_US
dc.subject.stwVertrauenen_US
dc.subject.stwVerhaltensökonomiken_US
dc.subject.stwPräferenztheorieen_US
dc.subject.stwBioökonomiken_US
dc.subject.stwTheorieen_US
dc.titleOn the economics and biology of trusten_US
dc.typeWorking Paperen_US
dc.identifier.ppn589745107en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

Files in This Item:
File Description SizeFormat
589745107.pdf194.65 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.