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Social capital and equilibrium selection in Stag Hunt games

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  • Bosworth, Steven J.

Abstract

Surveys of trusting attitudes are found to correlate with growth and development outcomes. The question of why trust attitudes correlate with economic growth remains open however. I argue that trust surveys capture facets of social capital not previously investigated, namely, coordination. Hence a complete investigation of the relationship between trust attitudes in growth must encompass their predictive power in a coordination game. This study shows that affirmative responses to surveys of trust attitudes correlate with and predict efficiency-supporting behavior in a Stag Hunt game.

Suggested Citation

  • Bosworth, Steven J., 2013. "Social capital and equilibrium selection in Stag Hunt games," Journal of Economic Psychology, Elsevier, vol. 39(C), pages 11-20.
    • Handle: RePEc:eee:joepsy:v:39:y:2013:i:c:p:11-20
    DOI: 10.1016/j.joep.2013.06.004
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    References listed on IDEAS

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    Cited by:

    1. Yann Algan & Pierre Cahuc, 2010. "Inherited Trust and Growth," American Economic Review, American Economic Association, vol. 100(5), pages 2060-2092, December.
    2. repec:hal:spmain:info:hdl:2441/432sbils8u9t7qa99cii5psht1 is not listed on IDEAS
    3. Bortolotti, Stefania & Devetag, Giovanna & Ortmann, Andreas, 2016. "Group incentives or individual incentives? A real-effort weak-link experiment," Journal of Economic Psychology, Elsevier, vol. 56(C), pages 60-73.
    4. repec:spo:wpmain:info:hdl:2441/432sbils8u9t7qa99cii5psht1 is not listed on IDEAS
    5. Sandra Polania-Reyes, 2016. "Disentangling Social Capital: Lab-in-the-Field Evidence on Coordination, Networks, and Cooperation," Artefactual Field Experiments 00565, The Field Experiments Website.
    6. Yann Algan & Pierre Cahuc, 2010. "Inherited Trust and Growth," American Economic Review, American Economic Association, vol. 100(5), pages 2060-2092, December.
    7. Dominique Cappelletti & Luigi Mittone & Matteo Ploner, 2015. "Language and intergroup discrimination. Evidence from an experiment," CEEL Working Papers 1504, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
    8. Schuch, Esther & Dirks, Simone & Nhim, Tum & Richter, Andries, 2021. "Cooperation under social and strategic uncertainty – The role of risk and social capital in rural Cambodia," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 90(C).

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    More about this item

    Keywords

    Stag Hunt; Trust; Social capital;
    All these keywords.

    JEL classification:

    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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