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.
Read more about this topic: Dictator Game
Famous quotes containing the words trust and/or game:
“Thy blood and virtue
Contend for empire in thee, and thy goodness
Share with thy birthright! Love all, trust a few,
Do wrong to none. Be able for thine enemy
Rather in power than use, and keep thy friend
Under thy own life’s key. Be checked for silence
But never taxed for speech.”
—William Shakespeare (1564–1616)
“A Stander-by is often a better judge of the game than those that play.”
—Samuel Richardson (1689–1761)