ECON 4340 Suffolk University Experimental Economics Questions


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Dr. Jennifer Pate
Loyola Marymount University
Spring 2021
Economics 4340: Experimental Economics
Summary Instructions
Question 4: When (and why) would we rely on a stranger?
Answer the following questions as best as possible given your understanding of the
assigned reading(s). You are allowed to work with other students but please use your
own words in your summary responses.
1. What are the central research questions of the study?
2. What game do the experimenters use to test trust? Why do they deliberately not
choose to refer to it as a “trust game” in the experiment?
3. Explain (as briefly as possible) how the double-blind procedure in the experiment
works to ensure complete anonymity of participants.
4. What are three reasons why it was beneficial for the experimenters to utilize a
double-blind procedure in this particular experiment?
5. True or False: Providing subjects with a “social history” table increases the amount
sent by the “trustors” and increases reciprocity observed in the experiment. Explain why
or why not.
6. What are the primary results/findings of the experiment?
7. Complete the following sentences and briefly explain your thought process and/or
(a) If I were a subject placed in the position of “trustor” in this experiment, I would
have sent $____ to the person in the other room. Why?
(b) If I were placed in the position of “trustee” in the experiment, and the “trustor”
sent me $4.00, I would have sent $____ back to the trustor. Why?

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