Payoff Matrix’s Effect on Trust Game Paradigm

Abstract

This report first sorted out the definition of trust and found that researchers did not have a unified definition of trust. But trust includes two core characteristics: dependence and risk. Then we introduce the measurement methods of trust, including the trust game paradigm and its variants, in which the binary trust game paradigm and the three parameters in the payoff matrix of trust game paradigm are introduced; those three parameters are cost, benefit and temptation. Since previous studies exploring the influence of these three parameters on people’s trust behavior in the trust game paradigm have inconsistent results, some researchers reported that it is because the absolute values of these three parameters are used when analyzing the results. Therefore, based on these three parameters, some researchers proposed a risk index, a temptation index and a cooperation index, and found that the three standardized parameters can predict people’s trust behavior better.