期刊名称:Birkbeck Working Papers in Economics and Finance / School of Economics, Mathematics and Statistics, Birkbeck College
印刷版ISSN:1745-8587
出版年度:2008
卷号:2008
出版社:London University
摘要:We run a laboratory experiment where 'friendship' networks are generated
endogenously within an anonymous group. Our experiment builds on two phases in
sequence: a network formation game and a trust game. We find that in those
sessions where the trust game is played before the network formation game, the
overall level of trust is not significantly different from the one observed in a
simple trust game; in those sessions where the trust game is played after the
network formation game we find that the overall level of trust is significantly
lower than in the simple trust game. Hence surprisingly trust does not increase
because of 'enforced reciprocity' and moreover a common social history does
affect the level of trust, but in a negative manner. Where network effects
matter is in the choice of whom to trust: while we tend to trust less on average
those with whom we have already interacted compared to total strangers, past
history allows us to select whom to trust relatively more than others.