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Trust is a vital element in financial decision-making, whether one is turning a check over to a banker or asking a broker for investment advice. But the deepening economic crisis has tested that trust, as Paola Sapienza, Kellogg School associate professor of finance and Zell Center faculty fellow, and University of Chicago professor Luigi Zingales explain in their latest research paper, "A Trust Crisis." Sapienza and Zingales' research reveals that investors' trust in financial institutions has plummeted over the past several months. The professors also suggest that government intervention has further lessened people's faith in the financial markets.
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