Trust, risk and time preferences: evidence from survey data

Albanese, Giuseppe; Blasio, Guido de; Sestito, Paolo

doi:10.1007/s12232-017-0282-7

Cited by 50 publications

(34 citation statements)

References 72 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In addition, both our studies are pre-registered, we made sure that we had sufficient power to test our hypotheses and we used a representative sample in the replication study. That is why our results make an important contribution to the limited literature on this topic (Albanese et al, 2017;Nguyen et al, 2012).…”

Section: Discussionmentioning

confidence: 52%

“…A first study, conducted in Vietnam, did not show any effect of temporal discounting on trust, using a trust game (Nguyen et al, 2012) but this null effect might be due to a lack of statistical power (N = 156 only). A second study found that temporal discounting is an important covariate of self-reported trust (Albanese et al, 2017) but in this study, temporal discounting was measured with a single question, which limits the accuracy of the temporal discounting estimate. Our experimental design tackles both limitations and allows us to test whether variations in temporal discounting are associated with variations in social trust inside a mediation model.…”

Section: Introductionmentioning

confidence: 93%

See 1 more Smart Citation

Correcting misperceptions of relative income: impact on temporal discounting and social trust.

Guillou¹,

Grandin²,

Chevallier³

2020

Preprint

View full text Add to dashboard Cite

Social trust and income are associated both within and across countries, such that higher income typically correlates with increased trust. While this correlation is well-documented, the psychological mechanisms sustaining this relationship remain poorly understood. One plausible candidate is people's temporal discounting: on the one hand, trust has a strong time component - it exposes the individual to immediate costs in exchange of uncertain and delayed benefits; on the other hand, temporal discounting is robustly influenced by income. The goal of our studies was to test whether temporal discounting mediates the relationship between income and trust and whether experimentally manipulating perceived income has a downstream impact on temporal discounting and trust. To do so, participants underestimating their relative income position were randomized to receiving information about their true position in the income distribution or no information. In line with our hypothesis, our results indicate that temporal discounting mediates the effect of income on social trust in a pre-registered online study on British participants (N = 855). However, receiving a positive information shock on one's income position had no impact on either temporal discounting or social trust. In a second pre-registered study, we replicated the finding that temporal discounting mediates the effect of income on social trust in a representative sample of the British population (N = 1130).

show abstract

Section: Discussionmentioning

confidence: 52%

Section: Introductionmentioning

confidence: 93%

Correcting misperceptions of relative income: impact on temporal discounting and social trust.

Guillou¹,

Grandin²,

Chevallier³

2020

Preprint

View full text Add to dashboard Cite

show abstract

“…In addition, both our studies are pre-registered, we made sure that we had sufficient power to test our hypotheses and we used a representative sample in the replication study. For those reasons, our results make an important contribution to the limited literature on this topic [ 22 , 23 ].…”

Section: Discussionmentioning

confidence: 59%

Temporal discounting mediates the relationship between socio-economic status and social trust

2021

View full text Add to dashboard Cite

Social trust and income are associated both within and across countries, such that higher income typically correlates with increased trust. While this correlation is well-documented, the psychological mechanisms sustaining this relationship remain poorly understood. One plausible candidate is people’s temporal discounting: on the one hand, trust has a strong time component—it exposes the individual to immediate costs in exchange of uncertain and delayed benefits; on the other hand, temporal discounting is robustly influenced by income. The goal of our studies was to test whether temporal discounting mediates the relationship between income and trust and whether experimentally manipulating perceived income has a downstream impact on temporal discounting and trust. To do so, participants who underestimated their relative income position received information about their true position in the income distribution in order to correct their misperception. Our results indicate that temporal discounting partially mediates the effect of income on social trust in a pre-registered online study on British participants ( N = 855). However, receiving a positive information shock on one’s income position had no impact on either temporal discounting or social trust. In a second pre-registered study, we replicated the finding that temporal discounting partially mediates the effect of income on social trust in a representative sample of the British population ( N = 1130).

show abstract

“…Th e belief component of trust pertains to the trustor's belief about the trustee's trustworthiness, which Butler et al (2015) fi nd to be partly determined by the trustor's own trustworthiness. Th e preference component comprises the trustor's time, risk and social preferences (Albanese et al 2017). Th e behaviorist realization that trust is determined by both beliefs and preferences carries critical implications for empirical trust research.…”

Section: Determinants Of Trust In Governmentmentioning

confidence: 99%

“…Integrative Model of Trust in Government A citizen's willingness to bear immediate or expected material and ideological costs as the result of compliance with government action stems from his / her propensity to trust coupled with positive expectations of the government's deeds (Mayer et al 1995). Propensity to trust refl ects the citizen's individual social, risk and time preferences (Fehr 2009;Albanese et al 2017) and as such is a relatively stable component of trust. Expectations (i.e.…”

Section: Figurementioning

confidence: 99%

An Empirically-Aligned Concept of Trust in Government

Tomankova

2019

NISPAcee Journal of Public Administration and Policy

View full text Add to dashboard Cite

Because of its capacity to facilitate consensus, trust in government is vital to the functioning of democracies. And yet those interested in the concept continue to struggle with the sheer number and ambiguity of available definitions. This paper confronts theoretical notions of trust with available empirical evidence, and ultimately defines “trust in government” as the willingness to bear the immediate or expected material and ideological costs that arise from compliance with government action. This definition is useful because it keeps up with recent empirical findings, involves a particular channel of effect, and distinguishes trust in government from the positive perceptions and attitudes which are commonly confused with trust.

show abstract

Trust, risk and time preferences: evidence from survey data

Cited by 50 publications

References 72 publications

Correcting misperceptions of relative income: impact on temporal discounting and social trust.

Correcting misperceptions of relative income: impact on temporal discounting and social trust.

Temporal discounting mediates the relationship between socio-economic status and social trust

An Empirically-Aligned Concept of Trust in Government

Contact Info

Product

Resources

About