A team of German economists asked subjects to play a game in which one person is the “truster”, who is given some money on each round of the game. The truster is then asked to decide how much money, if any, to pass on to an anonymous “trustee”. Any money passed gets tripled by the experimenter, at which point the “trustee” can choose how much, if any, to return to the truster. Behavioral economists use this game often, but the novel twist in this study was to reveal one piece of real, true personal information about the trustees to the trusters. In some cases, the truster learned the trustee’s level of religiosity, on a scale of 1 to 5. When trusters learned that their trustee was religious, they transferred more money. More important, the religious trustees really did transfer back more money than did the nonreligious trustees, even though they never knew anything about their trusters. The highest levels of wealth, therefore, would be created when religious people get to play a trust game with other religious people.
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Even today, markets that require a very high trust to function efficiently are often dominated by religiously bound ethnic groups (such as ultra-Orthodox Jews in the diamond market) who have lower transaction and monitoring costs than their secular competitors.
Jonathan Haidt, quoted by Scott Alexander in “List Of The Passages I Highlighted In My Copy Of Jonathan Haidt’s The Righteous Mind“, Slate Star Codex, 2014-06-12.
January 18, 2016
QotD: The role of faith in trust situations
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