Effects of Inequality on Trust and Reciprocity: An Experiment With Real Effort
![Thumbnail](/xmlui/bitstream/handle/10234/196637/79001.pdf.jpg?sequence=4&isAllowed=y)
View/ Open
Impact
![Google Scholar](/xmlui/themes/Mirage2/images/uji/logo_google.png)
![Microsoft Academico](/xmlui/themes/Mirage2/images/uji/logo_microsoft.png)
Metadata
Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadata
Title
Effects of Inequality on Trust and Reciprocity: An Experiment With Real EffortDate
2021Publisher
Frontiers MediaISSN
1664-1078Bibliographic citation
Rodrigo-González A, Caballer-Tarazona M and García-Gallego A (2021) Effects of Inequality on Trust and Reciprocity: An Experiment With Real Effort. Front. Psychol. 12:745948. doi: 10.3389/fpsyg.2021.745948Type
info:eu-repo/semantics/articleVersion
info:eu-repo/semantics/publishedVersionSubject
Abstract
The purpose of this paper is analyzing whether trust and reciprocity are affected by how
rich the partner is or how well the partner performed several tasks with real effort. A trust
game (TG) experiment is designed ... [+]
The purpose of this paper is analyzing whether trust and reciprocity are affected by how
rich the partner is or how well the partner performed several tasks with real effort. A trust
game (TG) experiment is designed with three treatments. First, a baseline Treatment B
in which subjects play a finitely repeated TG. Second, in a Treatment H with history,
subjects know the partner’s wealth level reached in the past. Third, in a Treatment
E with effort the individual endowment with which the TG is played is endogenous
and results from the subject’s performance in three different real effort tasks (maths,
cognitive and general knowledge related). The data analysis highlights the importance
of past wealth levels (Treatment H) as well as endowment heterogeneity (Treatment E),
on the actual levels of trust and reciprocity. Specifically, it is observed that the decision of
trustors is positively affected by positive past experienced reciprocity. Moreover, trustors
are sensitive to how much money the trustee accumulates each round in Treatment
H, trusting more the ones that have accumulated less compared to themselves. In
contrast with that, it is remarkable in Treatment E that trustors are sensitive to the
endowment level of the trustees, trusting more the partners that have got a higher
than own endowment, probably considering that a person that performed better in the
tasks is a better partner to trust. As far as second players’ behavior, as the amount
received from the trustor increases it is less likely that the trustee reciprocates with
higher than or with the egalitarian amount. In Treatments H and E, the probability that the
trustee reciprocates with higher amount that the one received increases when inequality
in endowment/accumulated earnings favors the trustor. Additional results come from
analysis of personality archetypes and socio-demographic variables. [-]
Is part of
Frontiers in Psychology, 12:745948Funder Name
Spanish Ministerio de Ciencia, Innovación y Universidades | Universitat Jaume I | Generalitat Valenciana
Project code
RTI2018-096927-B-100 | UJI-B2018-76/77 | AICO/2021/005
Project title or grant
Características individuales en entornos estratégicos y formación de expectativas: experimientos y simulaciones (ICSEFE) | Managing expectations: Formación de expectativas y diseño de políticas macroeconómicas | Exploring expace: The complementarities between experimental economics and agent-based computational economics
Rights
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- ECO_Articles [694]
Except where otherwise noted, this item's license is described as © 2021 Rodrigo-González, Caballer-Tarazona and García-Gallego. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.