Publication: Trust and trustworthiness under information asymmetry and ambiguity
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Publication date
2016-10-01
Defense date
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Tutors
Journal Title
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Publisher
Elsevier
Abstract
We introduce uncertainty and ambiguity in the standard investment game. In the uncertainty treatment, investors are informed that the return of the investment is drawn from a publicly known distribution function. In the ambiguity treatment, investors are not informed about the distribution function. We find that both trust and trustworthiness are robust to the introduction of these changes. (C) 2016 The Authors. Published by Elsevier B.V.
Description
Keywords
Investment game, Uncertainty, Ambiguity, Trust, Trustworthiness, Reciprocity
Bibliographic citation
Clots-Figueras, I., Hernán González, R. and Kujal, P. (2016). Trust and trustworthiness under information asymmetry and ambiguity. Economics Letters, v. 147, pp. 168-170.