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Generalized Trust: An Experimental Perspective

In: Social Capital, Corporate Social Responsibility, Economic Behaviour and Performance

Author

Listed:
  • Gianluca Grimalda
  • Luigi Mittone

Abstract

Trust in other people is widely regarded as a key determinant for a society’s economic performance. The reason lies in that trust in an ‘unknown other’ (Delhey and Newton 2005) is functional to solving the myriad cooperation problems that affect our relations with other people. As Arrow (1974) puts it, lack of trust — and more generally of moral values — may create inefficiencies so serious as to cause markets to be aborted. At the empirical level, a vast body of evidence has been brought in support of the relevance of trust for a country’s economic development (Knack and Keefer 1997; Putnam et al. 1993), as well as institutional efficiency (La Porta et al. 1999; Rothstein and Uslaner 2005; Sampson et al. 1997). Paldam (2010 infra) examines the relevance of trust at the macro level. In this chapter we focus on the micro level, studying the relationship between individual trust in others and other individual-level variables, and how these are reflected into propensity to cooperate with others in controlled experiments.

Suggested Citation

  • Gianluca Grimalda & Luigi Mittone, 2011. "Generalized Trust: An Experimental Perspective," Palgrave Macmillan Books, in: Lorenzo Sacconi & Giacomo Degli Antoni (ed.), Social Capital, Corporate Social Responsibility, Economic Behaviour and Performance, chapter 9, pages 260-281, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30618-9_10
    DOI: 10.1057/9780230306189_10
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    Cited by:

    1. Maggioni, Mario A. & Rossignoli, Domenico & Beretta, Simona & Balestri, Sara, 2018. "Trust behind bars: Measuring change in inmates’ prosocial preferences," Journal of Economic Psychology, Elsevier, vol. 64(C), pages 89-104.

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