English, Article, Journal or magazine article edition: Bounded rationality, value systems and time-inconsistency of preferences as rational foundations for the concept of trust Rosanas, Jose M.

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Bookmark: http://trove.nla.gov.au/version/171039
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Bounded rationality, value systems and time-inconsistency of preferences as rational foundations for the concept of trust
Author
  • Rosanas, Jose M.
Physical Description
  • preprint
Notes
  • This paper intends to contribute to the (bounded rationality) foundations of trust. After reviewing the extant definitions, I establish the formal structure of situations involving trust. In that context, I examine the paradoxical situation of (calculative) trust in simple settings. Then I show how bounded rationality provides a rationale for a concept of trust that goes beyond that calculative notion. Value systems and possible inconsistency of time preferences are shown to be crucial elements.
  • Trust; Bounded rationality; Value systems; Behavioral decision-making;
  • RePEc:ebg:iesewp:d-0567
Language
  • English
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