nhaliday + judgement + poll   6

Trust in Large Organizations
We argue that trust should be particularly important for the performance of large organizations. In a cross-section of countries, evidence on government performance, participation in civic and professional societies, importance of large firms, and the performance of social institutions more generally supports this hypothesis. Moreover, trust is lower in countries with dominant hierarchical religions, which may have deterred networks of cooperation trust hold up remarkably well on a cross-section of countries.

The Importance of Trust for Investment: Evidence from Venture Capital: http://www.nber.org/papers/w16923
We examine the effect of trust on financial investment and contracting decisions in a micro-economic environment where trust is exogenous. Using hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment decisions. This holds even after controlling for investor and company fixed effects, geographic distance, information and transaction costs. The national identity of venture capital firms' individual partners further contributes to the effect of trust. Education and work experience reduce the effect of trust but do not eliminate it. We also examine the relationship between trust and sophisticated contracts involving contingent control rights and find that, even after controlling for endogeneity, they are complements, not substitutes.

Breach of Trust in Hostile Takeovers: http://www.nber.org/papers/w2342
The paper questions the common view that share price increases of firms involved in hostile takeovers measure efficiency gains from acquisitions. Even if such gains exist, most of the increase in the combined value of the target and the acquirer is likely to come from stakeholder wealth losses, such as declines in value of subcontractors' firm-specific capital or employees' human capital. The use of event studies to gauge wealth creation in takeovers is unjustified. The paper also suggests a theory of managerial behavior, in which hiring and entrenching trustworthy managers enables shareholders to commit to upholding implicit contracts with stakeholders. Hostile takeovers are an innovation allowing shareholders to renege on such contracts ex post, against managers' will. On this view, shareholder gains are redistributions from stakeholders, and can in the long run result in deterioration of trust necessary for the functioning of the corporation.

Trust in Public Finance: http://www.nber.org/papers/w9187
Using data on trust and trustworthiness from the 1990 wave of the World Values Survey, I first investigate a model of the extent of tax cheating and the size of government that recognizes the interdependence of the two. The results reveal that tax cheating is lower in countries that exhibit more (not-government-related) trustworthiness. However, holding that constant, tax cheating becomes more acceptable as government grows. All in all, there is some weak evidence that the strong positive cross-country correlation between the size of government and tax cheating masks the fact that big government induces tax cheating while, at the same time, tax cheating constrains big government. I then add to the structural model an equation determining the level of prosperity, allowing prosperity to depend, inter alia, on the level of government and on trust in others. I find some evidence that both prosperity and government involvement are higher in more trusting societies. Moreover, holding these measures of trust constant, the association of government size with prosperity is positive until a level of government spending somewhere between 31% and 38% of GDP, after which its marginal effect is negative. Thus, although a trusting citizenry allows larger government, the tax burden this entails erodes the rule obedience taxpayers exhibit toward government.

Tax cheating among whites: http://anepigone.blogspot.com/2017/04/tax-cheating-among-whites.html
The masses still more or less assume that “against the law” is a synonym for “wrong.” It is known that the criminal law is harsh and full of anomalies and that litigation is so expensive as always to favour the rich against the poor: but there is a general feeling that the law, such as it is, will be scrupulously administered … An Englishman does not believe in his bones, as a Spanish or Italian peasant does, that the law is simply a racket.

The English People, Collins, 1947

WEIRDO societies require WEIRDOs to make them work. The less WEIRDO a society becomes, the more being a WEIRDO--characterized by high social trust, reciprocity, political compromise, generosity to those in need, isonomy, etc--switches from being an advantage to being a disadvantage. Social trust declines, reciprocity disappears, political compromise is replaced by a winner-take-all ethnic spoils system, generosity is exploited to the point that it is seen as an entitlement, and the legal system gets hijacked by racial grievance concepts like "social justice". It's a vicious circle.

http://www.presidency.ucsb.edu/ws/index.php?pid=29544
Theodore Roosevelt
Third Annual Message
December 7, 1903

The consistent policy of the National Government, so far as it has the power, is to hold in check the unscrupulous man, whether employer or employee; but to refuse to weaken individual initiative or to hamper or cramp the industrial development of the country. We recognize that this is an era of federation and combination, in which great capitalistic corporations and labor unions have become factors of tremendous importance in all industrial centers. Hearty recognition is given the far-reaching, beneficent work which has been accomplished through both corporations and unions, and the line as between different corporations, as between different unions, is drawn as it is between different individuals; that is, it is drawn on conduct, the effort being to treat both organized capital and organized labor alike; asking nothing save that the interest of each shall be brought into harmony with the interest of the general public, and that the conduct of each shall conform to the fundamental rules of obedience to law, of individual freedom, and of justice and fair dealing towards all. Whenever either corporation, labor union, or individual disregards the law or acts in a spirit of arbitrary and tyrannous interference with the rights of others, whether corporations or individuals, then where the Federal Government has jurisdiction, it will see to it that the misconduct is stopped, paying not the slightest heed to the position or power of the corporation, the union or the individual, but only to one vital fact--that is, the question whether or not the conduct of the individual or aggregate of individuals is in accordance with the law of the land. Every man must be guaranteed his liberty and his right to do as he likes with his property or his labor, so long as he does not infringe the rights of others. _No man is above the law and no man is below it; nor do we ask any man's permission when we require him to obey it. Obedience to the law is demanded as a right; not asked as a favor._
study  economics  growth-econ  broad-econ  trust  cohesion  cooperate-defect  n-factor  phalanges  things  industrial-org  business  management  institutions  civic  social-capital  scale  religion  theos  world  putnam-like  government  leviathan  diversity  corruption  technocracy  efficiency  society  sociology  anthropology  cultural-dynamics  network-structure  social-norms  social-structure  🎩  multi  investing  venture  finance  europe  EU  nationalism-globalism  endo-exo  natural-experiment  general-survey  taxes  redistribution  securities  larry-summers  labor  gnon  usa  data  analysis  poll  values  morality  ethics  mediterranean  britain  the-great-west-whale  patho-altruism  free-riding  slippery-slope  equilibrium  integrity  anglosphere  big-peeps  quotes  isteveish  commentary  optimate  truth  law  order-disorder  old-anglo  formal-values  pop-diff  identity-politics  pre-ww2  public-goodish  class-warfare  alien-character  chart  contracts  axelrod  models  coordination  honor  organizing  endogenous-exogenous  speaking  statesme 
august 2017 by nhaliday
The Determinants of Trust
Both individual experiences and community characteristics influence how much people trust each other. Using data drawn from US localities we find that the strongest factors that reduce trust are: i) a recent history of traumatic experiences, even though the passage of time reduces this effect fairly rapidly; ii) belonging to a group that historically felt discriminated against, such as minorities (black in particular) and, to a lesser extent, women; iii) being economically unsuccessful in terms of income and education; iv) living in a racially mixed community and/or in one with a high degree of income disparity. Religious beliefs and ethnic origins do not significantly affect trust. The latter result may be an indication that the American melting pot at least up to a point works, in terms of homogenizing attitudes of different cultures, even though racial cleavages leading to low trust are still quite high.

Understanding Trust: http://www.nber.org/papers/w13387
In this paper we resolve this puzzle by recognizing that trust has two components: a belief-based one and a preference based one. While the sender's behavior reflects both, we show that WVS-like measures capture mostly the belief-based component, while questions on past trusting behavior are better at capturing the preference component of trust.

MEASURING TRUST: http://scholar.harvard.edu/files/laibson/files/measuring_trust.pdf
We combine two experiments and a survey to measure trust and trustworthiness— two key components of social capital. Standard attitudinal survey questions about trust predict trustworthy behavior in our experiments much better than they predict trusting behavior. Trusting behavior in the experiments is predicted by past trusting behavior outside of the experiments. When individuals are closer socially, both trust and trustworthiness rise. Trustworthiness declines when partners are of different races or nationalities. High status individuals are able to elicit more trustworthiness in others.

What is Social Capital? The Determinants of Trust and Trustworthiness: http://www.nber.org/papers/w7216
Using a sample of Harvard undergraduates, we analyze trust and social capital in two experiments. Trusting behavior and trustworthiness rise with social connection; differences in race and nationality reduce the level of trustworthiness. Certain individuals appear to be persistently more trusting, but these people do not say they are more trusting in surveys. Survey questions about trust predict trustworthiness not trust. Only children are less trustworthy. People behave in a more trustworthy manner towards higher status individuals, and therefore status increases earnings in the experiment. As such, high status persons can be said to have more social capital.

Trust and Cheating: http://www.nber.org/papers/w18509
We find that: i) both parties to a trust exchange have implicit notions of what constitutes cheating even in a context without promises or messages; ii) these notions are not unique - the vast majority of senders would feel cheated by a negative return on their trust/investment, whereas a sizable minority defines cheating according to an equal split rule; iii) these implicit notions affect the behavior of both sides to the exchange in terms of whether to trust or cheat and to what extent. Finally, we show that individual's notions of what constitutes cheating can be traced back to two classes of values instilled by parents: cooperative and competitive. The first class of values tends to soften the notion while the other tightens it.

Nationalism and Ethnic-Based Trust: Evidence from an African Border Region: https://u.osu.edu/robinson.1012/files/2015/12/Robinson_NationalismTrust-1q3q9u1.pdf
These results offer microlevel evidence that a strong and salient national identity can diminish ethnic barriers to trust in diverse societies.

One Team, One Nation: Football, Ethnic Identity, and Conflict in Africa: http://conference.nber.org/confer//2017/SI2017/DEV/Durante_Depetris-Chauvin.pdf
Do collective experiences that prime sentiments of national unity reduce interethnic tensions and conflict? We examine this question by looking at the impact of national football teams’ victories in sub-Saharan Africa. Combining individual survey data with information on over 70 official matches played between 2000 and 2015, we find that individuals interviewed in the days after a victory of their country’s national team are less likely to report a strong sense of ethnic identity and more likely to trust people of other ethnicities than those interviewed just before. The effect is sizable and robust and is not explained by generic euphoria or optimism. Crucially, national victories do not only affect attitudes but also reduce violence. Indeed, using plausibly exogenous variation from close qualifications to the Africa Cup of Nations, we find that countries that (barely) qualified experience significantly less conflict in the following six months than countries that (barely) did not. Our findings indicate that, even where ethnic tensions have deep historical roots, patriotic shocks can reduce inter-ethnic tensions and have a tangible impact on conflict.

Why Does Ethnic Diversity Undermine Public Goods Provision?: http://www.columbia.edu/~mh2245/papers1/HHPW.pdf
We identify three families of mechanisms that link diversity to public goods provision—–what we term “preferences,” “technology,” and “strategy selection” mechanisms—–and run a series of experimental games that permit us to compare the explanatory power of distinct mechanisms within each of these three families. Results from games conducted with a random sample of 300 subjects from a slum neighborhood of Kampala, Uganda, suggest that successful public goods provision in homogenous ethnic communities can be attributed to a strategy selection mechanism: in similar settings, co-ethnics play cooperative equilibria, whereas non-co-ethnics do not. In addition, we find evidence for a technology mechanism: co-ethnics are more closely linked on social networks and thus plausibly better able to support cooperation through the threat of social sanction. We find no evidence for prominent preference mechanisms that emphasize the commonality of tastes within ethnic groups or a greater degree of altruism toward co-ethnics, and only weak evidence for technology mechanisms that focus on the impact of shared ethnicity on the productivity of teams.

does it generalize to first world?

Higher Intelligence Groups Have Higher Cooperation Rates in the Repeated Prisoner's Dilemma: https://ideas.repec.org/p/iza/izadps/dp8499.html
The initial cooperation rates are similar, it increases in the groups with higher intelligence to reach almost full cooperation, while declining in the groups with lower intelligence. The difference is produced by the cumulation of small but persistent differences in the response to past cooperation of the partner. In higher intelligence subjects, cooperation after the initial stages is immediate and becomes the default mode, defection instead requires more time. For lower intelligence groups this difference is absent. Cooperation of higher intelligence subjects is payoff sensitive, thus not automatic: in a treatment with lower continuation probability there is no difference between different intelligence groups

Why societies cooperate: https://voxeu.org/article/why-societies-cooperate
Three attributes are often suggested to generate cooperative behaviour – a good heart, good norms, and intelligence. This column reports the results of a laboratory experiment in which groups of players benefited from learning to cooperate. It finds overwhelming support for the idea that intelligence is the primary condition for a socially cohesive, cooperative society. Warm feelings towards others and good norms have only a small and transitory effect.

individual payoff, etc.:

Trust, Values and False Consensus: http://www.nber.org/papers/w18460
Trust beliefs are heterogeneous across individuals and, at the same time, persistent across generations. We investigate one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that individuals extrapolate from their own type when forming trust beliefs about the same pool of potential partners - i.e., more (less) trustworthy individuals form more optimistic (pessimistic) trust beliefs - and that this tendency continues to color trust beliefs after several rounds of game-play. Moreover, we show that one's own type/trustworthiness can be traced back to the values parents transmit to their children during their upbringing. In a second closely-related experiment, we show the economic impact of mis-calibrated trust beliefs stemming from false consensus. Miscalibrated beliefs lower participants' experimental trust game earnings by about 20 percent on average.

The Right Amount of Trust: http://www.nber.org/papers/w15344
We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs. Our interpretation is that highly trusting individuals tend to assume too much social risk and to be cheated more often, ultimately performing less well than those with a belief close to the mean trustworthiness of the population. On the other hand, individuals with overly pessimistic beliefs avoid being cheated, but give up profitable opportunities, therefore underperforming. The cost of either too much or too little trust is comparable to the income lost by forgoing college.

...

This framework allows us to show that income-maximizing trust typically exceeds the trust level of the average person as well as to estimate the distribution of income lost to trust mistakes. We find that although a majority of individuals has well calibrated beliefs, a non-trivial proportion of the population (10%) has trust beliefs sufficiently poorly calibrated to lower income by more than 13%.

Do Trust and … [more]
study  economics  alesina  growth-econ  broad-econ  trust  cohesion  social-capital  religion  demographics  race  diversity  putnam-like  compensation  class  education  roots  phalanges  general-survey  multi  usa  GT-101  conceptual-vocab  concept  behavioral-econ  intricacy  composition-decomposition  values  descriptive  correlation  harvard  field-study  migration  poll  status  🎩  🌞  chart  anthropology  cultural-dynamics  psychology  social-psych  sociology  cooperate-defect  justice  egalitarianism-hierarchy  inequality  envy  n-factor  axelrod  pdf  microfoundations  nationalism-globalism  africa  intervention  counter-revolution  tribalism  culture  society  ethnocentrism  coordination  world  developing-world  innovation  econ-productivity  government  stylized-facts  madisonian  wealth-of-nations  identity-politics  public-goodish  s:*  legacy  things  optimization  curvature  s-factor  success  homo-hetero  higher-ed  models  empirical  contracts  human-capital  natural-experiment  endo-exo  data  scale  trade  markets  time  supply-demand  summary 
august 2017 by nhaliday
Political Conservatives’ Affinity for Obedience to Authority Is Loyal, Not BlindPersonality and Social Psychology Bulletin - Jeremy A. Frimer, Danielle Gaucher, Nicola K. Schaefer, 2014
Sharp Partisan Divisions in Views of National Institutions: http://www.people-press.org/2017/07/10/sharp-partisan-divisions-in-views-of-national-institutions/
Americans’ Attitudes About the News Media Deeply Divided Along Partisan Lines: http://www.journalism.org/2017/05/10/americans-attitudes-about-the-news-media-deeply-divided-along-partisan-lines/

https://twitter.com/tcjfs/status/925509885848059904
https://archive.is/Q2x1T
I'm going through this survey... it just keeps getting better famalam

from the Cato study here: https://pinboard.in/u:nhaliday/b:75ca38a74b99

https://twitter.com/AngloRemnant/status/884984883512307712
https://archive.is/bEj6i
Near perfect symmetry between Rep/Dem positive opinion on Church/College, because, well..
Yes, it's amazing how well each of these hostile tribes recognize each other's religious institutions.
.. income & education are Inversely related to positive view of universities among right-leaning folks.
wew, means there's so much room to grow among the proles
study  polisci  politics  ideology  things  personality  psychology  social-psych  values  poll  authoritarianism  duty  military  environment  pdf  piracy  multi  news  org:data  institutions  media  higher-ed  religion  finance  polarization  data  analysis  white-paper  database  trust  wonkish  twitter  social  commentary  gnon  unaffiliated  right-wing  pic  age-generation  westminster  backup  land  correlation  education  class  coalitions  chart  🎩  phalanges  nascent-state  strategy  left-wing  organizing  pro-rata  counter-revolution  hari-seldon  judgement 
july 2017 by nhaliday
Expert credibility in climate change
Here, we use an extensive dataset of 1,372 climate researchers and their publication and citation data to show that (i) 97–98% of the climate researchers most actively publishing in the field surveyed here support the tenets of ACC outlined by the Intergovernmental Panel on Climate Change, and (ii) the relative climate expertise and scientific prominence of the researchers unconvinced of ACC are substantially below that of the convinced researchers.
study  data  poll  expert  science  environment  meta:science  culture-war  org:nat  descriptive  epistemic  climate-change  heuristic  info-dynamics  expert-experience  judgement 
december 2016 by nhaliday
OSF | Answering Unresolved Questions about the Relationship between Cognitive Ability and Prejudice
Previous research finds that lower cognitive ability predicts greater prejudice (Onraet et al., 2015). We test two unresolved questions about this association using a heterogeneous set of target groups and data from a representative sample of the United States (N=5914). First, we test “who are the targets of prejudice?” We replicate prior negative associations between cognitive ability and prejudice for groups who are perceived as liberal, unconventional, and having lower levels of choice over group membership. We find the opposite(i.e. positive associations), however, for groups perceived as conservative, conventional, and having higher levels of choice over group membership. Second, we test “who shows intergroup bias?” and find that people with both relatively higher and lower levels of cognitive ability show approximately equal levels of intergroup bias, but towards different sets of groups.

https://twitter.com/thomasjwood/status/907707395081752580
https://archive.is/eeqJw
@democracyfund data: @realDonaldTrump and @HillaryClinton voters' evaluations of social groups

Education is Related to Greater Ideological Prejudice: https://academic.oup.com/poq/article-abstract/81/4/930/4652248
Decades of research have shown that education reduces individuals’ prejudices toward people who belong to different groups, but this research has focused predominantly on prejudice toward ethnic/racial groups, immigrant groups, and general nonconformists. However, it is not clear whether education reduces other prejudices against groups along different dimensions, including ideological identification. An analysis of American National Election Studies data from 1964 to 2012 shows that education is related to decreases in interethnic/interracial prejudice, but also to increases in ideological (liberal vs. conservative) prejudice. This finding could not be explained simply by the greater polarization of the American electorate in the past twenty years. The results require rethinking how and why education is associated with reduced prejudice for certain groups but not others.
psychology  study  iq  anthropology  race  politics  field-study  stereotypes  correlation  tribalism  discrimination  us-them  poll  prejudice  polarization  coalitions  identity-politics  ideology  data  visualization  crosstab  religion  christianity  theos  corporation  military  protestant-catholic  class  class-warfare  labor  other-xtian  gender  redistribution  welfare-state  migration  islam  sex  sexuality  asia  latin-america  patho-altruism  ethnocentrism  chart  multi  twitter  social  commentary  emotion  values  trump  clinton  2016-election  backup  pic  phalanges  database  general-survey  polisci  education  higher-ed  human-capital  preprint  hari-seldon  judgement 
july 2016 by nhaliday

bundles : meta

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