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