Authors
Kevin A McCabe, Mary L Rigdon, Vernon L Smith
Publication date
2003/10/1
Journal
Journal of Economic Behavior & Organization
Volume
52
Issue
2
Pages
267-275
Publisher
North-Holland
Description
Several recent theories in behavioral game theory seek to explain the behavior of subjects in experimental bargaining games. These models can be partitioned into two classes: outcome-based and intention-based. Outcome-based models treat the intentions that players attribute to one another as unnecessary for predicting behavior. Intention-based approaches, and in particular the trust and reciprocity (TR) hypothesis, rely on this attribution of intentions in an essential way. We report laboratory data from simple two-person trust games which is inconsistent with outcome-based models, but predicted by the trust and reciprocity hypothesis.
Total citations
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Scholar articles
KA McCabe, ML Rigdon, VL Smith - Journal of Economic Behavior & Organization, 2003