Trust, Information Acquisition and Financial Decisions A Field Experiment
We study the relationship between information acquisition and trust in financial decision making. A field experiment with a variation of the trust game was conducted with the partners of a financial cooperative located in a Mexican rural area. Individuals who frequently visit friends are more trustf...
| Autores: | , , , |
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| Tipo de documento: | artigo |
| Estado: | Versão publicada |
| Data de publicação: | 2013 |
| País: | México |
| Recursos: | Universidad Iberoamericana |
| Repositório: | Redalyc-UIA |
| OAI Identifier: | oai:redalyc.org:32329969006 |
| Acesso em linha: | https://www.redalyc.org/articulo.oa?id=32329969006 |
| Access Level: | Acceso aberto |
| Palavra-chave: | Economía y Finanzas trust Keywords information reciprocity social networks |
| Resumo: | We study the relationship between information acquisition and trust in financial decision making. A field experiment with a variation of the trust game was conducted with the partners of a financial cooperative located in a Mexican rural area. Individuals who frequently visit friends are more trustful, those who visit their families regularly reciprocate less, and active cooperative partners reciprocate more. Individuals show interest in acquiring information on the financial status and participation in social networks of other people with whom they may establish financial transactions. However, information does not appear to affect transfers; trust seems to overshadow information acquisition in financial decision making. |
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