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Trust responsiveness: on the dynamics of fiduciary interactions

Pelligra, Vittorio (2006) Trust responsiveness: on the dynamics of fiduciary interactions. Working Paper. CRENoS.


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Trust and trustworthiness are key elements, both at the micro and macro level, in sustaining the working of modern economies and their institutions. However, despite its centrality, trust continues to be considered as a “conceptual bumblebee”, it works in practice but not in theory. In particular, its behavioural rationale still represents a puzzle for traditional rational choice theory and game theory. In this paper “trust responsiveness”, an alternative explanatory principle that can account for trustful and trustworthy behaviour, is proposed. Such principle assumes that people can be motivated to behave trustworthily by trustful actions. The paper discusses the philosophical roots, the historical development, as well as the relational nature of this principle as well as its theoretical implications.

Item Type:Technical Report / Working Paper / Project Report (Working Paper)
Date:December 2006
Institution:Universita' degli Studi di Cagliari
Divisions:Centri > CRENoS Centro Ricerche Economiche Nord Sud
Subjects:Area 13 - Scienze economiche e statistiche > SECS-S/06 Metodi matematici dell'economia e delle scienze attuariali e finanziarie
Uncontrolled Keywords:Trust, Trustworthiness, Game Theory, Adam Smith
ID Code:206
Deposited On:07 Nov 2008 11:23

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