Title:	Relationship between social value orientation and the tendency to trust others
Authors:	Martinčík, David Šlechtová Sojková, Olga
Citation:	KRESA, Zdeněk (ed.) Business Trends 2022, Plzeň 2022, p. 142-148.
Issue Date:	2022
Publisher:	Faculty of Economics University of West Bohemia
Document type:	konferenční příspěvek conferenceObject
URI:	http://hdl.handle.net/11025/54540
ISBN:	978-80-261-1126-9
Keywords:	laboratorní pokusy;hra odesílatel-přijímač;sociální preference;sociální hodnotová orientace;trust
Keywords in different language:	laboratory experiments;sender-receiver game;social preferences;social value orientation;trust
Abstract in different language:	Trust in others is essential for people’s collaboration and has considerable economic effects. The current production in all sectors, especially those with the highest value-added, is complicated and requires the intensive cooperation of all participants. Trust is vital for a good-working team of employees; on the other hand, a low level of trust decreases the firm's performance, causes misunderstanding, mistakes, and results in low-end products, which is costly for the firm. We employ the experimental approach to investigate the relationship between trust in others and social attitude. Trust can be measured in many economic laboratory experiments. We conducted a series of experiments with the master's degree students of the business administration program. The first experiment was the sender-receiver game. The participants in the role of receiver revealed their willingness to trust or not the message delivered by the sender while taking action in their interest. The second experiment was the simple social value orientation test with six questions that measure social attitude on a continuous scale from altruism, over prosocial behavior, and individualism to competitive behavior. We performed the logistic regression between the dichotomous variable trust or non- trust and social attitude. Statistically significant result claims that altruistic people tend to trust more, while competitive people tend to trust less.
Rights:	© Authors of papers
Appears in Collections:	Konferenční příspěvky / Conference papers (KEM) Business Trends 2022: Conference Proceedings Business Trends 2022: Conference Proceedings

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