Journal of Applied Mathematics / 2015 / Article / Tab 2

Research Article

Intermediaries in Trust: Indirect Reciprocity, Incentives, and Norms

Table 2

Multilevel regression analysis with individual-level random effects. Significance codes: , , , .

Dependent Investments Returns CI

(Intercept) 0.154
Fixed roles −0.133
No incentive
Fixed incentive 0.040 0.684
A incentive
B incentive
First period 0.066
Last period
Periods 16–30
A investment

Random effects
(id) 1.827 2.553 0.054
(residual) 2.314 2.971 0.118

Number of interactions 4070 4070 4070
Number of individuals 222 222 222

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