Please wait a minute...
Advances in Psychological Science    2015, Vol. 23 Issue (7) : 1236-1244     DOI: 10.3724/SP.J.1042.2015.01236
Regular Articles |
Trust in Behavioral Economics: Formation Mechanisms and Influential Factors
SHI Yanwei; XU Fuming; LUO Jiaojiang; LI Yan; LIU Chenghao
(School of Psychology, Central China Normal University; Key Laboratory of Human Development and Mental Health of Hubei Province; Key Laboratory of Adolescent Cyberpsychology and Behavior (CCNU), Ministry of Education, Wuhan 430079, China)
Download: PDF(179 KB)  
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks    
Abstract  

Trust is a psychological state that individuals are vulnerable to be hurt voluntarily, based upon an positive expectation of others’ intention and reciprocity. Trust in behavioral economics refers to approval of positive expectation and capacity that trade partners fulfill their commitment under the specific circumstance of game, negotiation, consumption and economical trade etc, based on limited information and experience. At present, psychological mechanisms and biological foundation are two main kinds of explanations to research the formation mechanisms as to this phenomenon. Psychological mechanisms mainly consist of reflective-impulsive model and social preferences while biological foundation mainly relates to some structures, such as amygdaloidal nucleus, insula etc, and other hormones such as oxytocin, testosterone etc. Evidences show that trust in the economy is influenced by some factors, such as communication, experience, reputation and facial features etc. Further researches are expected to explore the theoretical explanation and biological foundation of trust in the economy, conduct its cross-cultural researches and investigate its ecological validity and coping strategies.

Keywords behavioral economics      trust      game      reflective-impulsive model      social preferences     
Corresponding Authors: XU Fuming, E-mail: fumingxu@126.com   
Issue Date: 15 July 2015
Service
E-mail this article
E-mail Alert
RSS
Articles by authors
SHI Yanwei
XU Fuming
LUO Jiaojiang
LI Yan
LIU Chenghao
Cite this article:   
SHI Yanwei,XU Fuming,LUO Jiaojiang, et al. Trust in Behavioral Economics: Formation Mechanisms and Influential Factors[J]. Advances in Psychological Science, 2015, 23(7): 1236-1244.
URL:  
http://journal.psych.ac.cn/xlkxjz/EN/10.3724/SP.J.1042.2015.01236     OR     http://journal.psych.ac.cn/xlkxjz/EN/Y2015/V23/I7/1236
[1] CHEN Tong, WU Zhen.  Children’s distributive justice: The role of Theory of Mind[J]. Advances in Psychological Science, 2017, 25(8): 1299-1309.
[2] YUAN Bo, DONG Yue, LI Weiqiang.  The trust repair effect of apology: A systematic review and meta-analysis[J]. Advances in Psychological Science, 2017, 25(7): 1103-1113.
[3] JING Jiaojiao; GAO Chuang; NIU Gengfeng. The effect of internet use on empathy[J]. Advances in Psychological Science, 2017, 25(4): 652-661.
[4] GONG Zhe; LIU Chang; SHEN Wangbing; WANG Xian; SHI Rong. The impact of trust on creativity: Activation, inhibition and inverted U model hypothesis[J]. Advances in Psychological Science, 2017, 25(3): 463-474.
[5] Shan Xu; Xiang-Zhen Kong; Yiying Song; Jia Liua. Game-based assessment on visuospatial ability in a large population of human participants: an Internet-based big-data approach[J]. Advances in Psychological Science, 2016, 24(Suppl.): 14-.
[6] WU Xuanna. Procedural justice and trust in authority: A mechanism for acceptance of public policy[J]. Advances in Psychological Science, 2016, 24(8): 1147-1158.
[7] WANG Pei; Liang Yajun; LI Yu; LIU Yonghe. The effects of characteristic perception and relationship perception on interpersonal trust[J]. Advances in Psychological Science, 2016, 24(5): 815-823.
[8] DENG Ying; XU Fu-Ming; LI Ou; SHI Yan-Wei; LIU Cheng-Hao. The framing effect on social preferences[J]. Advances in Psychological Science, 2016, 24(4): 622-632.
[9] YAN Yu; WU Xia. From trust violation to trust repair: The role of moral emotions[J]. Advances in Psychological Science, 2016, 24(4): 633-642.
[10] TAN Chenhao; WANG Yibo; CUI Yichen; WANG Pei. The profit sacrificing tendency of reputation-profit game[J]. Advances in Psychological Science, 2016, 24(12): 1907-1916.
[11] ZHANG Wei; ZHANG Zhen; GAO Yu; DUAN Huaping; WU Xingnan. The theoretical models and brain mechanisms of interpersonal trust game during economic decision-making[J]. Advances in Psychological Science, 2016, 24(11): 1780-1791.
[12] ZHANG Yi; CHEN Rong; LIU Yan-ling. The effects of prosicial video games on foreign teenagers’ behavior[J]. Advances in Psychological Science, 2016, 24(10): 1600-1612.
[13] XU Fuming; LI Ou; DENG Ying; LIU Chenghao; SHI Yanwei. The inequity aversion in behavioral economics[J]. Advances in Psychological Science, 2016, 24(10): 1613-1622.
[14] WANG Qiandong; LI Qinggong; CHEN Kaikai; FU Genyue. Attentional Bias to Untrustworthy Faces: Evidence From Eye Tracking Data[J]. Advances in Psychological Science, 2015, 23(9): 1508-1513.
[15] WU Silan; ZHOU Zongkui; NIU Gengfeng; LIU Meiting. Video Game Transfer Phenomena: Type, Manifestation and Mechanism[J]. Advances in Psychological Science, 2015, 23(6): 1041-1051.
Viewed
Full text


Abstract

Cited

  Shared   
  Discussed   
Copyright © Advances in Psychological Science
Support by Beijing Magtech