Background: the economics of other-regarding behavior
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According to a growing body of literature in economics, people have heterogeneous other-regarding preferences. These preferences affect the extent to which they behave in favor or against others in general (Fehr and Schmidt 2006) and their trustworthiness behavior in particular (Cox 2004; Ashraf, Bohnet, and Piankov 2006). If we want to measure and understand behavioral trustworthiness among bankers, we first need to understand the nature and origins of other-regarding behavior.
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