Analysis on the Trust Game in Second-hand Transection

The High School Affiliated to Renmin University of China, Beijing, China

xinwen@rdfz.cn

Abstract

In modern society, every one of us is fully aware that trust and credit are the substantial principle that we must own to build up our relationship, networking or individual development from beginning of birth to end of journey. Thus, trust and credit are undoubted basis for our social composition, especially at current stage, where e-commerce or e-trade mode change our traditional way of life significantly. One interesting thing we are witnessing is that, more and more popularity of the online second-hand product market, so how to understand trust game theory properly, with follow-up the rule to implement in this market, is essentially important for both of the buyer and the seller. Herein this article, some real cases’ studies from China second hand market will help reader for this purpose illustration. This study contains much of the current study and discoveries of trust game and second-hand transaction market in China. Based on the previous knowledge, the suggestions for both consumers and the second-hand market producers are given.