Research Article
Intermediaries in Trust: Indirect Reciprocity, Incentives, and Norms
Table 4
Average investments by treatment and rating.
| Treatment | Negative | Neutral | Positive |
| No incentive AR | 3.72 | 5.76 | 6.25 | No incentive FR | 2.39 | 3.24 | 4.62 | Fixed incentive AR | 1.84 | 4.05 | 4.81 | Fixed incentive FR | 2.18 | 2.44 | 2.43 | A incentive AR | 3.43 | 5.02 | 7.04 | A incentive FR | 2.75 | 4.46 | 4.71 | B incentive AR | 3.39 | 4.52 | 5.27 | B incentive FR | 2.79 | 4.00 | 4.10 |
| All treatments | 2.72 | 3.87 | 4.56 |
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