Article ID Journal Published Year Pages File Type
5072046 Games and Economic Behavior 2012 8 Pages PDF
Abstract
► We study an infinitely repeated trust game with randomly matched anonymous players. ► We examine the conditions to sustain the contagious equilibrium. ► It is necessary to have a high outside option for investors. ► The equilibrium supports trust unless it contributes nothing to investorsʼ payoffs.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Social norms and trust among strangers
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