On representative social capital

Bellemare, Charles; Kröger, Sabine

doi:10.1016/j.euroecorev.2006.03.006

Cited by 308 publications

(253 citation statements)

References 31 publications

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“…Yet, Bellemare and Kröger (2007) do not find a significant relation either to trust or trustworthiness in a Dutch sample. When relating survey trust to cooperation behavior, results are equally mixed.…”

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confidence: 80%

“…Andreoni and Vesterlund (2001) and Solow and Kirkwood (2002) find no unambiguous gender effects. Bellemare and Kröger (2007) find that women exhibit significantly higher trust levels than men in their experimental trust games.…”

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confidence: 81%

“…See Andreoni 1988 for the effects of repeated interaction between "partners" or "strangers"). The closest match to our study in this respect is Bellemare and Kröger (2007) who use the Dutch Center Panel which is run over computer or TV with a set-up box and people make choices in the habitual environments.…”

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confidence: 99%

“…Other large-scale studies are, for example, Fehr et al (2003) with n = 429, Bellemare and Kröger (2007) with n = 499, Sapienza et al (2007) with n = 508, and Gächter et al (2004) with n = 782 participants. 6 Denmark has the highest broadband penetration in the world (source: EU Commission's Progress report on the single European electronic communications market 2007,13th report), and daily usage of the internet, e.g.…”

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confidence: 99%

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Microfoundations of social capital

Thöni

Tyran

Wengström

2012

Journal of Public Economics

162

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. We show that the standard trust question routinely used in social capital research is importantly related to cooperation behavior and we provide evidence on the microfoundation of this relation. We run a large-scale public goods experiment over the internet in Denmark using a design that enables us to disentangle preferences for cooperation from beliefs about others' cooperation. We find that the standard trust question is a proxy for cooperation preferences rather than beliefs about others' cooperation. Moreover, we show that the "fairness question", a recently proposed alternative to the standard trust question, is also related to cooperation behavior but operates through beliefs rather than preferences. Terms of use: Documents in EconStor mayJEL classification: H41; C91; C72

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confidence: 80%

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confidence: 81%

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confidence: 99%

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confidence: 99%

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Microfoundations of social capital

Thöni

Tyran

Wengström

2012

Journal of Public Economics

162

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“…Hey (2002) and Carbone (2005) analyze more complicated and sequential individual decision making tasks and do not find any background variable systematically influencing behavior. Bellemare and Kröger (2007) study a trust game and find "that heterogeneity in behavior is characterized by several asymmetries-men, the young and elderly, and low educated individuals invest relatively less, but reward significantly more investments." (p. 183) von Gaudecker et al (2011a) elicit risk preferences and report that older people, women, the relatively uneducated, and those with lower income are more risk averse.…”

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confidence: 99%

Allais for all: Revisiting the paradox in a large representative sample

Huck

Müller

2012

J Risk Uncertain

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We administer the Allais paradox questions to both a representative sample of the Dutch population and to student subjects. Three treatments are implemented: one with the original high hypothetical payoffs, one with low hypothetical payoffs and a third with low real payoffs. Our key findings are: (i) violations in the non-lab sample are systematic and a large bulk of violations is likely to stem from non-familiarity with large payoffs, (ii) we can identify groups of the general population that have much higher than average violation rates; this concerns mainly the lowly educated and unemployed, and (iii) the relative treatment differences in the population at large are accurately predicted by the lab sample, but violation rates in all lab treatments are about 15 percentage points lower than in the corresponding non-lab treatments. This paper was originally entitled "Allais for all: revisiting the paradox". Uncertain (2012) 44:261-293 Keywords Expected utility theory · Allais paradox · Common consequence effect · Field experiments · Representative sample JEL Classification C93 · D81 This paper presents evidence on the consistency of risk preferences with expected utility theory in a representative population sample. We find that consistency increases with task familiarity and is linked to several personal characteristics such as education, income and asset holdings. Moreover, we investigate the external validity of a laboratory experiment with a student population that implemented the same choice problems as our household panel study. We find that, in line with studies on other biases, deviations from rationality observed in the lab provide a lower bound for deviations in the population at large.Recently, several studies have made significant progress in understanding risk preferences in populations, making use of innovative survey methods and field experiments (Harrison and List 2004) including game shows with large stakes (Post et al. 2008;Andersen et al. 2008). From the perspective of these studies, the present paper takes one step back by focussing on consistency of risk preferences with expected utility theory in a representative subject poolwell over 1,400 members of the CentER Panel, a representative sample of the Dutch population. We do this by falling back on the oldest consistency test of all-the Allais paradox (Allais 1953). Our results help to understand the reliability and robustness of investigations into the actual distribution of risk preferences in populations.Our research strategy is threefold. First, we implement three different treatments in the main experiment with the panel. We analyze the original Allais question with payoffs of millions of Euros that, just as when Allais asked Savage, were purely hypothetical. In our second treatment we scaled the payments down but kept them hypothetical. Our third treatment used the same downscaled payoffs but paid them out for real. This enables us to examine to what extent violations are driven by lack of monetary incentives, on the one hand...

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