Aversions to Trust

Anne Corcos, François Pannequin and Sacha Bourgeois-Gironde
Additional contact information
Anne Corcos: Université de Picardie & LEM-Université de Paris 2

No 2012038, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: In this article, we focus on two types of “aversion” which we deem essential aspects of the notion of trust: betrayal aversion (social) and ambiguity aversion (a special case of aversion to uncertainty). Based on trust-games studies in experimental economics and neuroeconomics, our main goal is to assess the conceptual, behavioral and neurobiological connections between betrayal and ambiguity aversions. From a social and individual psychological point of view the bottom line of our trusting behavior could be our general aversion to ambiguous signals. We approach social trust in the terms of a phenomenon based on uncertainty aversion. Specifically, a reduction of the perceived uncertainty of a social interaction tends to build up a trusting climate conducive to trade by decreasing betrayal aversion. We hypothesize that betrayal aversion and ambiguity aversion bear such a negative correlation. Focusing on this potential negative correlation our approach clearly differs from more positive accounts of trust centred on altruism.

Keywords: Trust game; Betrayal aversion; Ambiguity aversion; Neuroeconomics (search for similar items in EconPapers)
JEL-codes: C72 C91 D03 D87 (search for similar items in EconPapers)
Pages: 20
Date: 2012-09-01
Note: Special Issue : Trust and Decision through Neuro-Economics
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/41714325 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Journal Article: Aversions to Trust (2012)
Working Paper: Aversions to trust (2012)
Working Paper: Aversions to trust (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvre:2012038

Access Statistics for this paper

More papers in Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Sebastien SCHILLINGS ().