How do we even trust? A critique of economic approaches on trust formation
DOI:
https://doi.org/10.14276/2285-0430.4541Keywords:
Trust, Trust formation, Rationality, Trustworthiness, Epistemology of trust, Warranted trustAbstract
The aim of this paper is to provide a review of trust formation models in early economic accounts and behavioral accounts of trust. Drawing on foundational theories of trust across several disciplines in the social sciences and empirical studies, I critically examine their assumptions and implications to identify the theoretical and conceptual gaps within each approach. I argue that neither approach explains successfully trust formation in interactions between individuals, due to a lack of clarity and robustness in defining trustworthiness and inadequately accounting for the role of trustworthiness expectations. Beliefs about others’ trustworthiness are central to trust. A robust account of trust formation must explain how we form such beliefs. To this end, this paper outlines an epistemological account of trust formation, meant to provide a more cohesive understanding of trust dynamics at the individual level.
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Copyright (c) 2024 Maria Banu
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
L'opera è pubblicata sotto Licenza Creative Commons -CC Attribution-ShareAlike 4.0