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Trust and Reciprocity: Are Effort and Money Equivalent?

Overview of attention for article published in PLOS ONE, February 2011
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Title
Trust and Reciprocity: Are Effort and Money Equivalent?
Published in
PLOS ONE, February 2011
DOI 10.1371/journal.pone.0017113
Pubmed ID
Authors

Iris Vilares, Gregory Dam, Konrad Kording

Abstract

Trust and reciprocity facilitate cooperation and are relevant to virtually all human interactions. They are typically studied using trust games: one subject gives (entrusts) money to another subject, which may return some of the proceeds (reciprocate). Currently, however, it is unclear whether trust and reciprocity in monetary transactions are similar in other settings, such as physical effort. Trust and reciprocity of physical effort are important as many everyday decisions imply an exchange of physical effort, and such exchange is central to labor relations. Here we studied a trust game based on physical effort and compared the results with those of a computationally equivalent monetary trust game. We found no significant difference between effort and money conditions in both the amount trusted and the quantity reciprocated. Moreover, there is a high positive correlation in subjects' behavior across conditions. This suggests that trust and reciprocity may be character traits: subjects that are trustful/trustworthy in monetary settings behave similarly during exchanges of physical effort. Our results validate the use of trust games to study exchanges in physical effort and to characterize inter-subject differences in trust and reciprocity, and also suggest a new behavioral paradigm to study these differences.

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Geographical breakdown

Country Count As %
Germany 2 2%
France 2 2%
Portugal 1 1%
United Kingdom 1 1%
Canada 1 1%
Belgium 1 1%
United States 1 1%
Unknown 85 90%

Demographic breakdown

Readers by professional status Count As %
Student > Ph. D. Student 16 17%
Researcher 12 13%
Student > Master 12 13%
Student > Doctoral Student 8 9%
Student > Postgraduate 8 9%
Other 24 26%
Unknown 14 15%
Readers by discipline Count As %
Psychology 26 28%
Business, Management and Accounting 11 12%
Economics, Econometrics and Finance 9 10%
Computer Science 5 5%
Agricultural and Biological Sciences 4 4%
Other 20 21%
Unknown 19 20%