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Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 6851
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in Vietnamese villages and by estimating the parameters of the Cumulative Prospect Theory and of quasi-hyperbolic time preferences. We find that while probability sensitivity or risk aversion do not affect trust, loss aversion influences trust indirectly by lowering the expectations of return. Also, more risk averse and less present biased participants are found to be trustworthier. The experience of receiving remittances influences behavior and a longer exposure to a collectivist economy tend to reduce trust and trustworthiness.
Schlagwörter: 
trust
trustworthiness
risk preferences
time preferences
Cumulative Prospect Theory
Vietnam
field experiment
JEL: 
C91
C93
D81
D90
O10
O53
Dokumentart: 
Working Paper

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