Trust Responsiveness. On the Dynamics of Fiduciary Interactions

TitleTrust Responsiveness. On the Dynamics of Fiduciary Interactions
Publication TypeJournal Article
Year of Publication2010
AuthorsPelligra, V
JournalJOURNAL OF SOCIO-ECONOMICS
Volume39
Pagination653–660
Abstract

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. © 2010 Elsevier

URLhttp://www.sciencedirect.com/science/article/pii/S1053535710000132
DOI10.1016/j.socec.2010.02.002
Keywordsadam smith, game theory, trust, trustworthiness