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Multi-Round Trust Game Quantifies Inter-Individual Differences in Social Exchange from Adolescence to Adulthood
Andreas Hula1, Michael Moutoussis2, Geert-Jan Will3
1Austrian Insitute of Technology, Vienna, Austria.
Computational Psychiatry (Cambridge, Mass.)
|June 3, 2022
Summary
Cooperation and trust increase from adolescence to young adulthood. Cognitive factors like socio-economic risk aversion influence investment behavior, with males showing less risk aversion and females higher inequality aversion.
Area of Science:
- Behavioral Economics
- Developmental Psychology
- Neuroscience
Background:
- Cooperation is essential for socio-economic exchange, but carries inherent risks due to uncertainty of reciprocation.
- Understanding how individuals navigate cooperation challenges across the lifespan is crucial for social and economic development.
Purpose of the Study:
- To investigate developmental changes in cooperation and trust from adolescence to young adulthood (ages 14-25).
- To identify cognitive mechanisms underlying these changes, particularly socio-economic risk aversion and inequality aversion.
Main Methods:
- Utilized a cross-sectional sample of 784 individuals aged 14-25.
- Employed a multi-round investor-trustee task to quantify social behavior.
- Applied a validated model to phenotype individuals and characterize latent social characteristics.
Main Results:
- Significant differences in investment behavior were observed based on age, sex, socio-economic status, and IQ.
- A trend towards increased trust from adolescence to young adulthood was confirmed.
- Novel findings revealed that lower socio-economic risk aversion in males correlated with greater investments, while females exhibited higher inequality aversion, and socio-economic deprivation was linked to increased risk aversion.
Conclusions:
- Developmental trajectories in trust and investment behavior are influenced by age, sex, socio-economic status, and cognitive factors.
- Socio-economic risk aversion and inequality aversion play key roles in shaping cooperative decisions during young adulthood.
- Understanding these factors is vital for comprehending socio-economic exchange dynamics across the lifespan.
Keywords:
AdolescentAgeDevelopmentGender DifferenceI-POMDPIQ EffectsModel BasedRisk AversionSocio-Economic StatusTrustMore Related Videos
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