'Sentiments,' Conduct, and Trust in the Laboratory

@article{Smith2015SentimentsCA,
  title={'Sentiments,' Conduct, and Trust in the Laboratory},
  author={Vernon L. Smith and Bart J. Wilson},
  journal={Behavioral \& Experimental Economics eJournal},
  year={2015}
}
  • V. Smith, B. Wilson
  • Published 3 September 2015
  • Economics
  • Behavioral & Experimental Economics eJournal
In this article we provide a brief account and interpretation of The Theory of Moral Sentiments showing that it departs fundamentally from contemporary patterns of thought in economics that are believed to govern individual behavior in small groups, and contains strong testable propositions governing the expression of that behavior. We also state a formal representation of the model for individual choice of action, apply the propositions to the prediction of actions in trust games, report two… 

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