haku: @author Fehr, E. / yhteensä: 17
viite: 3 / 17
| Tekijä: | Fehr, E. |
| Otsikko: | On the economics and biology of trust |
| Lehti: | Journal of the European Economic Association
2009 : APR-MAY, VOL. 7:2-3, p. 235-266 |
| Asiasana: | trust preferences behavioural science |
| Kieli: | eng |
| Tiivistelmä: | Many social scientists have claimed that trust plays an important role in economic and social transactions. However, the measurement and the definition of trust seem to be not fully settled and the identification of the exact role of trust in economic interactions has proven to be elusive. This paper relies on a behavioral definition of trust that enables to relate it to economic primitives such as preferences and beliefs. There is evidence that trust is not just a special case of risk-taking, but based on important forms of social preferences such as betrayal aversion. When defined behaviorally, trust also opens the door for understanding national and ethnic trust differences in terms of differences in preferences and beliefs. |
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