The trust game extends the dictator game one step by having the reward that the dictator can (unilaterally) split between himself and a partner partially decided by an initial gift from that partner. The initial move is from the dictator's partner, who must decide how much of his or her initial endowment to trust with him (in the hopes of receiving some of it back). Normally, he is encouraged to give something to the dictator through a specification in the game's rules that their endowment will be increased by a factor from the researchers. The experiments rarely end in the subgame perfect Nash equilibrium of "no trust". In fact, a recent pair of studies of identical and fraternal twins in the USA and Sweden suggests that behavior in this game is heritable.
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Famous quotes containing the words trust and/or game:
“To my fancy, one looks back on life, it has only two responsibilities, which include all the others: one is the bringing of new life into existence; the other, educating it after it is brought in. All betrayals of trust result from these original sins.”
—Henry Brooks Adams (1838–1918)
“The most disgusting cad in the world is the man who, on grounds of decorum and morality, avoids the game of love. He is one who puts his own ease and security above the most laudable of philanthropies.”
—H.L. (Henry Lewis)