Resumen de Trust and Cheating

Jeff Butler, Paola Giuliano, Luigi Guiso

• When we take a taxi we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract to take the shortest possible path. Is the behaviour of the driver affected by beliefs about our cheating notions? We address this question in the context of a trust game. We find that both parties to a trust exchange have personal notions of cheating and that these notions have a bimodal distribution. We conceptualise cheating notions as moral expectations, which provide a micro-foundation for guilt. Cheating notions substantially affect decisions on both sides of the trust exchange. [ABSTRACT FROM AUTHOR]