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Social and Behavioral Sciences Commons

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Other Economics

ESI Publications

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Trust

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Articles 1 - 3 of 3

Full-Text Articles in Social and Behavioral Sciences

Sleep Restriction And Circadian Effects On Social Decisions, David L. Dickinson, Todd Mcelroy May 2017

Sleep Restriction And Circadian Effects On Social Decisions, David L. Dickinson, Todd Mcelroy

ESI Publications

Our study examines how chronic sleep restriction and suboptimal times-of-day affect decisions in a classic set of social tasks. We experimentally manipulate and objectively measured sleep in 184 young-adult subjects, who were also randomly assigned an early morning or late evening experiment session during which decision tasks were administered. Sleep restriction and suboptimal time-of-day are both estimated to either directly or indirectly (via an impact on sleepiness) reduce altruism, trust, and trustworthiness. We conclude that commonly experienced adverse sleep states, most notably chronic sleep restriction, significantly reduce prosocial behaviors, and can therefore limit benefits from short-term social interactions.


To Trust, Or Not To Trust: Cognitive Reflection In Trust Games, Brice Corgnet, Antonio M. Espín, Roberto Hernán-González, Praveen Kujal, Stephen Rassenti Jan 2015

To Trust, Or Not To Trust: Cognitive Reflection In Trust Games, Brice Corgnet, Antonio M. Espín, Roberto Hernán-González, Praveen Kujal, Stephen Rassenti

ESI Publications

We present results from two studies that show a positive relation between cognitive reflection and trusting behavior, but no significant relation with trustworthy behavior. Our finding holds regardless of individual distributional social preferences and risk aversion. Our results add to a growing body of literature that illustrates the role of cognitive ability in helping explain outcomes in economic experiments.


Recordkeeping Alters Economic History By Promoting Reciprocity, Sudipta Basu, John Dickhaut, Gary Hecht, Kristy Towry, Gregory Waymire Jan 2009

Recordkeeping Alters Economic History By Promoting Reciprocity, Sudipta Basu, John Dickhaut, Gary Hecht, Kristy Towry, Gregory Waymire

ESI Publications

We experimentally demonstrate a causal link between recordkeeping and reciprocal exchange. Recordkeeping improves memory of past interactions in a complex exchange environment, which promotes reputation formation and decision coordination. Economies with recordkeeping exhibit a beneficially altered economic history where the risks of exchanging with strangers are substantially lessened. Our findings are consistent with prior assertions that complex and extensive reciprocity requires sophisticated memory to store information on past transactions. We offer insights on this research by scientifically demonstrating that reciprocity can be facilitated by information storage external to the brain. This is consistent with the archaeological record, which suggests that …