Why should my group trust yours? Collective trust and trustworthiness under Economic Shocks
Códigos JEL.: C92, C91, D91, D31
- Autores:
-
Barinas Forero, Andrés
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2024
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/74839
- Acceso en línea:
- https://hdl.handle.net/1992/74839
- Palabra clave:
- Trust
Trustworthiness
Collective trust
Negative shocks
Groups
Laboratory experiments
Economía
- Rights
- openAccess
- License
- https://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdf
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Why should my group trust yours? Collective trust and trustworthiness under Economic Shocks |
| title |
Why should my group trust yours? Collective trust and trustworthiness under Economic Shocks |
| spellingShingle |
Why should my group trust yours? Collective trust and trustworthiness under Economic Shocks Trust Trustworthiness Collective trust Negative shocks Groups Laboratory experiments Economía |
| title_short |
Why should my group trust yours? Collective trust and trustworthiness under Economic Shocks |
| title_full |
Why should my group trust yours? Collective trust and trustworthiness under Economic Shocks |
| title_fullStr |
Why should my group trust yours? Collective trust and trustworthiness under Economic Shocks |
| title_full_unstemmed |
Why should my group trust yours? Collective trust and trustworthiness under Economic Shocks |
| title_sort |
Why should my group trust yours? Collective trust and trustworthiness under Economic Shocks |
| dc.creator.fl_str_mv |
Barinas Forero, Andrés |
| dc.contributor.author.none.fl_str_mv |
Barinas Forero, Andrés |
| dc.subject.keyword.none.fl_str_mv |
Trust Trustworthiness Collective trust Negative shocks Groups Laboratory experiments |
| topic |
Trust Trustworthiness Collective trust Negative shocks Groups Laboratory experiments Economía |
| dc.subject.themes.none.fl_str_mv |
Economía |
| description |
Códigos JEL.: C92, C91, D91, D31 |
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2024 |
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2024-07-31T19:31:25Z |
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2024-07-31T19:31:25Z |
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2024-07 |
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eng |
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eng |
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Documentos CEDE; 2024-29 |
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https://ideas.repec.org/p/col/000089/021170.html |
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78 páginas |
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application/pdf |
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Universidad de los Andes |
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Facultad de Economía |
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Universidad de los Andes |
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Barinas Forero, Andrés2024-07-31T19:31:25Z2024-07-31T19:31:25Z2024-071657-7191https://hdl.handle.net/1992/74839Códigos JEL.: C92, C91, D91, D31While trust remains pivotal for economic growth in any society, its consistency over time is not guaranteed. External shocks such as economic crises or natural disasters can disrupt group trust dynamics. Through a laboratory experiment, this study examines the effects of random negative economic shocks on economic relations characterized by having a group of trustors and a group of trustees. The results indicate that such shocks decrease collective trust between groups due to two main factors: firstly, a decline in the trustor’s perceived trustworthiness of trustees; and secondly, a tendency for trustors to rely on the contributions of other trustors, leading to free-riding behavior. Furthermore, the experiment reveals that groups become less trustworthy following the shock, as trustees prioritize recovering economic gains from trust relations. This decline in collective trustworthiness is driven by diminished trustee’s beliefs in the trustworthiness of other trustees and trustees’ enforcing what they consider socially appropriate to do: return less after the shock.Aunque la confianza sigue siendo fundamental para el crecimiento económico, su consistencia a lo largo del tiempo no está garantizada. Choques externos, como las crisis económicas o los desastres naturales, pueden alterar la dinámica de confianza grupal. Empleando un experimento de laboratorio, este artículo examina los efectos de choques económicos negativos aleatorios sobre relaciones económicas caracterizadas por la presencia de un grupo de confiadores y un grupo de receptores de confianza (fiduciarios). Los resultados indican que dichos choques disminuyen la confianza colectiva entre grupos debido a dos factores: en primer lugar, una disminución en la percepción de confiabilidad de los fiduciarios por parte de los confiadores; en segundo lugar, una tendencia de los confiadores a depender de las contribuciones de otros confiadores, lo que conduce a comportamientos de aprovechamiento gratuito. Además, los resultados revelan que los grupos se vuelven menos confiables tras el choque, ya que los fiduciarios priorizan la recuperación de ganancias económicas propias de relaciones de confianza. Esta disminución en la confiabilidad colectiva se debe a la disminución de las creencias de los fiduciarios en la confiabilidad de los demás y a que los fiduciarios imponen lo que consideran socialmente apropiado: devolver menos después del choque.78 páginasapplication/pdfengUniversidad de los AndesFacultad de EconomíaDocumentos CEDE; 2024-29https://ideas.repec.org/p/col/000089/021170.htmlhttps://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdfinfo:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Why should my group trust yours? 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