Cultural Biases in Economic Exchange?

Cultural Biases in Economic Exchange∗

How much do cultural biases affect economic exchange? We try to answer this question by using the relative trust European citizens have for citizens of other countries. First, we document that this trust is affected not only by objective characteristics of the country being trusted, but also by cultural aspects such as religion, a history of conflicts, and genetic similarities. We then find tha...

An Empirical Examination of Cultural Biases in Interpersonal Economic Exchange

Economic trade between individuals, supported by an array of global electronic marketplaces, comprises an ever-growing proportion of the global economy. Prominent online companies like eBay, Amazon and Freelancer.com regularly afford individuals the opportunity to engage others the world over. Importantly, however, such trade has may introduce new hurdles. Though technology reduces the role of ...

Online Appendix for Cultural Biases in Economic Exchange?

Quantifying the Economic and Cultural Biases of Social Media through Trending Topics

Online social media has recently irrupted as the last major venue for the propagation of news and cultural content, competing with traditional mass media and allowing citizens to access new sources of information. In this paper, we study collectively filtered news and popular content in Twitter, known as Trending Topics (TTs), to quantify the extent to which they show similar biases known for m...

Knowledge of Social Affiliations Biases Economic Decisions

An individual's reputation and group membership can produce automatic judgments and behaviors toward that individual. Whether an individual's social reputation impacts interactions with affiliates has yet to be demonstrated. We tested the hypothesis that during initial encounters with others, existing knowledge of their social network guides behavior toward them. Participants learned reputation...