Defining Trust Using Expected Utility Theory

Article, Research English OPEN
Arai, Kazuhiro;
(2009)
  • Publisher: Hitotsubashi University
  • Journal: Hitotsubashi Journal of Economics,volume 50,issue 2,pages99-118 (issn: 0018-280x)
  • Subject: Definitions of Trust | Distrust Premium | Expected Utility Theory | Definitions of Trust, Distrust Premium, Betrayal Premium, Properties of Trust, Expected Utility Theory | Properties of Trust | Betrayal Premium
    • jel: jel:D81 | jel:Z13

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 expectatio... View more
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