Trust, Cooperative Behavior and Economic Success: When Trust is the Capital of the Person?

13 Pages Posted: 11 Nov 2014

See all articles by Alexander Tatarko

Alexander Tatarko

National Research University Higher School of Economics (Moscow)

Date Written: November 10, 2014

Abstract

This article presents the results of study dedicated to the interrelation of trust, cooperative behavior and the size of the winning prize in the multi-way decision modified prisoners’ dilemma. The experiment was organized using a specially designed computer program. The study involved six groups of participants and each group consisted of 7 players. The experiment consisted of a series of 15 rounds and included preliminary and final testing. The study found that cooperative behavior within the members in the group had fallen during 11 rounds, but there was a tendency to improve it. The trust level of an individual and his/her choice of cooperative strategy in the first series of the experiment are interrelated. Generalized trust is a rather stable construct, but it does not remain unchanged with an actual reduction of cooperative behavior.

Keywords: trust, cooperative behavior, prisoners’ dilemma, economic psychology.

JEL Classification: D03

Suggested Citation

Tatarko, Alexander, Trust, Cooperative Behavior and Economic Success: When Trust is the Capital of the Person? (November 10, 2014). Higher School of Economics Research Paper No. WP BRP 22/PSY/2014 , Available at SSRN: https://ssrn.com/abstract=2521374 or http://dx.doi.org/10.2139/ssrn.2521374

Alexander Tatarko (Contact Author)

National Research University Higher School of Economics (Moscow) ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
49
Abstract Views
582
PlumX Metrics