Journal Article

Social capital and equilibrium selection in Stag Hunt games

Journal of Economic Psychology

Surveys of trusting attitudes are found to correlate with growth and development outcomes. The question of why trust attitudes correlate with economic growth remains open however. I argue that trust surveys capture facets of social capital not previously investigated, namely, coordination. Hence a complete investigation of the relationship between trust attitudes in growth must encompass their predictive power in a coordination game. This study shows that affirmative responses to surveys of trust attitudes correlate with and predict efficiency-supporting behavior in a Stag Hunt game.

Author

Steven Bosworth - Institut für Weltwirtschaft (IfW) / Kiel Institute for the World Economy
Steven Bosworth

Info

Publication Date
JEL Classification
C9, D01, O57