Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/141631
Authors: 
Banerjee, Ritwik
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 9872
Abstract: 
How should we interpret the World Values Survey (WVS) trust question? We conduct an experiment in India, a low trust country, to correlate the WVS trust question with trust decisions in an incentivized Trust Game. Evidence supports findings from one strand of the fractured literature – the WVS trust question captures expectations about others' trustworthiness, though not always. We show that WVS trust question correlates with globally determined stable expectations but does not correlate with short term locally determined fluctuations in beliefs about trustworthiness. One implication of our study is that survey based methods may not be used to measure contextualized beliefs.
Subjects: 
corruption
social capital
belief
trust games
JEL: 
C91
C92
D03
Document Type: 
Working Paper

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