Trust Responsiveness: On the Dynamics of Fiduciary Interactions

Vittorio Pelligra

Working Paper CRENoS from Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia

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.

Keywords: trustworthiness; game theory; adam smith; trust (search for similar items in EconPapers)
JEL-codes: B31 C7 Z13 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-cbe, nep-soc and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Trust responsiveness. On the dynamics of fiduciary interactions (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:cns:cnscwp:200615

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