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Part 4: Economics and Trust

Complete the notes below
Write ONE WORD ONLY for each answer.

Economics and Trust
Trust relies on the stranger’s 31 ……………………..
The understanding of trust can reduce 32 …………………

How to measure trust
•  People’s ability of recognizing a person’s 33 ……………………
•  Oxytocin will be released when 34 …………………….. occurs

Experiments: two participants
•  The first participant decides whether to lend the money or not.
•  The second participant has no 35 ………………………. to return the money
•  Trust involves a 36 …………………….. -so it is conditional.
•  If animals have 37 …………………….. they will be seen to have oxytocin

Nash equilibrium:
•  Participants have no 38 ……………………. that the other person would change his or her decision.
•  People under stress have 39 ………………….. levels of oxytocin.
•  Oxytocin is a social 40 …………………………