Trust and Investment Game between Different Types of Education

Abstract

This paper systematically analyzes the identity and trust among different class groups through the virtual questionnaire of the small investment game with the penalty mechanism introduced on the basis of the trust investment game. We analyze public school’s students and private international school’s students to represent two class groups in society. The basic survey results show that both groups have a tendency to choose sample of private international schools as trusted partners; this is most likely the result of the social identification with different classes. Under the same conditions of return on investment, these two groups have different trust decisions. This may be due to the different expectations of different groups for the return of others. There is little difference between groups in punishment decisions.