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Conduct in narrativized trust games

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  • Jan Osborn
  • Bart J. Wilson
  • Bradley R. Sherwood

Abstract

We “narrativize” a basic extensive form trust game by placing participants in a story that contextualizes the interaction with an unforeseeable future. In our narrative experiment, participants consider each decision as a character, advancing the story with their choices for salient payoffs. Our interest is in understanding how participants apply Adam Smith's rules of beneficent and just conduct in our narrativized games with epistemic conditions of an unknown future, conditions which aren't possible in extensive form. We invite our readers to participate in the story of the results, making meaning as participants in a narrative that unfolds with their choices.

Suggested Citation

  • Jan Osborn & Bart J. Wilson & Bradley R. Sherwood, 2015. "Conduct in narrativized trust games," Southern Economic Journal, John Wiley & Sons, vol. 81(3), pages 562-597, January.
    • Handle: RePEc:wly:soecon:v:81:y:2015:i:3:p:562-597
    DOI: 10.4284/0038-4038-2013.292
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    References listed on IDEAS

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    1. Vernon Smith, 2002. "Method in Experiment: Rhetoric and Reality," Experimental Economics, Springer;Economic Science Association, vol. 5(2), pages 91-110, October.
    2. Gillies, Anthony S & Rigdon, Mary L, 2008. "Epistemic Conditions and Social Preferences in Trust Games," MPRA Paper 9626, University Library of Munich, Germany.
    3. Smith,Vernon L., 2009. "Rationality in Economics," Cambridge Books, Cambridge University Press, number 9780521133388, January.
    4. Wilson, Bart J., 2008. "Language games of reciprocity," Journal of Economic Behavior & Organization, Elsevier, vol. 68(2), pages 365-377, November.
    5. James C. Cox & Cary A. Deck, 2005. "On the Nature of Reciprocal Motives," Economic Inquiry, Western Economic Association International, vol. 43(3), pages 623-635, July.
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    Cited by:

    1. Hajikhameneh, Aidin, 2024. "Reputation or court: Individualism, collectivism, and the choice of enforcement mechanism in exchange," Journal of Economic Behavior & Organization, Elsevier, vol. 217(C), pages 184-206.

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