Data from University of Piemonte Orientale Advance Knowledge in Socioeconomics
2012 MAY 11 - (VerticalNews.com) -- "Trust is important in economics: several transactions are based on it; unfortunately it is difficult to measure. The recent economic literature on social capital shows a positive association between this concept and trust," scientists writing in the American Journal of Economics and Sociology report.
"As social capital is easier to measure than trust, this paper analyzes the possibility of assessing trust using a measure of social capital. A basic trust game is played in three Western European countries with undergraduate students; a questionnaire measures their level of social capital as time spent within social networks. This measure is stronger and more precise than the ones generally used. The use of an experiment instead of a questionnaire allows for constructing a measure of trust that is continuous in principle. Moreover, to play an experiment allows for observing the behavior of the participants better than by the means of a survey," wrote M. Migheli and colleagues, University of Piemonte Orientale.
The researchers concluded: "The results are supportive of the fact that trust can be assessed through social capital, although the presence of a strong geographical effect has to be accounted for."
Migheli and colleagues published their study in American Journal of Economics and Sociology (Assessing Trust Through Social Capital? A Possible Experimental Answer American Journal of Economics and Sociology, 2012;71(2):298-327).
Additional information can be obtained by contacting M. Migheli, University of Piemonte Orientale, Dept. of Public Policy & Collect Choice, I-15100 Alessandria, Italy.
The publisher of the American Journal of Economics and Sociology can be contacted at: Wiley-Blackwell, Commerce Place, 350 Main St, Malden 02148, MA, USA.
Keywords: City:Alessandria, Country:Italy, Region:Europe, Socioeconomics
This article was prepared by VerticalNews Economics editors from staff and other reports. Copyright 2012, VerticalNews Economics via VerticalNews.com.