Trust and Reciprocity explores the contributions of behavioral economics, laboratory experiments, and field experiments to our understanding of the economics of trust, trustworthiness, and reciprocal behavior. The monograph begins with a general summary presenting the evolution of trust and reciprocity, departing from pure self-interest in the understanding of "homo economicus." Next, an exploration of the games and academic contributions that isolate preferences (including social preferences, altruism, inequality aversion, and guilt aversion) from pledges of trust and from reciprocal...
Trust and Reciprocity explores the contributions of behavioral economics, laboratory experiments, and field experiments to our understanding of the ec...