New Article on Rational Choice and Asymmetric Learning

We just submitted a new article on Rational Choice and Asymmetric Learning in Iterated Social Interactions. Some Lessons from Agent-Based Modeling. The article will appear in an edites volume with the title Democracy and Choice, edited by Karl Marker, Annette Schmitt and Jürgen Sirsch. This volume is a festschrift for Prof. Ruth Zimmerling. You can download a pre-print of this article here.

Just published: Generalized Trust in the Mirror. HSR. Vol. 43:1. pp. 234-258, by Dominik Klein and Johannes Marx

Our paper on the dynamics of social trust is now online. Abstract: High levels of trust have been linked to a variety of benefits including the well-functioning of markets and political institutions or the ability of societies to solve public goods problems endogenously. While there is extensive literature on the macro-level determinants of trust, the micro-level processes underlying the emergence and stability of trust are not yet sufficiently understood. We address this lacuna by means of a computer model. In this paper, conditions under which trust is likely to emerge and be sustained are identified. We focus our analysis mainly on the individual characteristics of agents: their social or geographical mobility, their attitude towards others or their general uncertainty about the environment. Contrary to predictions from previous literature, we show that immobile agents are detrimental to both, the emergence and robustness of trust. Additionally, we identify a hidden link between trusting others and being trustworthy. (pdf)