Defining Trust Using Expected Utility Theory

• Arai Kazuhiro

  Hitotsubashi University

抄録

Trust has been discussed in many social sciences including economics, psychology, and sociology. However, there is no widely accepted definition of trust. Inparticular, there is no definition that can be used for economic analysis. This paper regards trust as expectation and defines it using expected utility theory together with concepts such as betrayal premium. In doing so, it rejects the widely accepted black-and-white view that (un) trustworthy people are always (un)trustworthy. This paper also discusses various determinants and properties of trust on the basis of the idea that trust is not simply a matter of intention.

収録刊行物

• Hitotsubashi Journal of Economics

  Hitotsubashi Journal of Economics 50 (2), 99-118, 2009-12

  Hitotsubashi University

キーワード

• Definitions of Trust
• Distrust Premium
• Betrayal Premium
• Properties of Trust
• Expected Utility Theory

詳細情報

• CRID: 1390853649796035840
• NII論文ID: 110007629939
• NII書誌ID: AA00207547
• DOI: 10.15057/18045
• HANDLE: 10086/18045
• ISSN: 0018280x
• 本文言語コード: en
• データソース種別:
  • JaLC
  • IRDB
  • CiNii Articles
  • KAKEN
• 抄録ライセンスフラグ: 使用可