Contracts are only effective if the punishments for violating the contract are credible and severe enough.
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Q4: Trusting a person involves risk. Therefore, more
Q5: Consider Figure 16.3. Without "trust" the game
Q6: Altruism is to a preference for fairness
Q7: Sarah hires her friend Ben, who is
Q8: One of the important by-products of reputation
Q10: Altruism and fairness are to simultaneous moves
Q11: Trust and reciprocity fall into the category
Q12: Actions are to reciprocity as intentions are
Q13: Evidence suggests that people who are more
Q14: There is evidence that acts of trust
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