Trust and Economics

The Co-evolution of Trust and Exchange Systems

Business & Finance, Economics, Theory of Economics
Cover of the book Trust and Economics by Yanlong Zhang, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Yanlong Zhang ISBN: 9781317506225
Publisher: Taylor and Francis Publication: June 26, 2015
Imprint: Routledge Language: English
Author: Yanlong Zhang
ISBN: 9781317506225
Publisher: Taylor and Francis
Publication: June 26, 2015
Imprint: Routledge
Language: English

A lot of recent attention has been given to one of the central paradoxes of trust: namely how people can restrict self-interest in order to trust. Existing perspectives, theories, and models offer partial explanations, but this volume presents a novel framework that expands on the findings of recent studies of trust and exchange. This book offers a new angle for the understanding of exchange and trust in an interactive context, describes the interactive characteristics of trust in exchange systems, and develops a theory explaining the co-evolution of trust and exchange systems.

A new framework is used to incorporate the theory of systems of trust and evolutionary game-theoretical approach to investigate four important questions: How can trust emerge in exchange when people pursue self-interest? After its emergence, how does exchange affect trust in a dynamic process? When are dynamics of trust stable? Do interactive trust phenomena differ under different exchange systems? This book concludes with a discussion of the implications of the theoretical findings for three areas: the improvement of trust, potential economic growth, and mechanism design in exchange systems.

This volume makes a significant contribution to the literature on evolutionary and institutional economics and is suitable for those who have an interest in political economy, economy theory and philosophy as well as economic psychology.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

A lot of recent attention has been given to one of the central paradoxes of trust: namely how people can restrict self-interest in order to trust. Existing perspectives, theories, and models offer partial explanations, but this volume presents a novel framework that expands on the findings of recent studies of trust and exchange. This book offers a new angle for the understanding of exchange and trust in an interactive context, describes the interactive characteristics of trust in exchange systems, and develops a theory explaining the co-evolution of trust and exchange systems.

A new framework is used to incorporate the theory of systems of trust and evolutionary game-theoretical approach to investigate four important questions: How can trust emerge in exchange when people pursue self-interest? After its emergence, how does exchange affect trust in a dynamic process? When are dynamics of trust stable? Do interactive trust phenomena differ under different exchange systems? This book concludes with a discussion of the implications of the theoretical findings for three areas: the improvement of trust, potential economic growth, and mechanism design in exchange systems.

This volume makes a significant contribution to the literature on evolutionary and institutional economics and is suitable for those who have an interest in political economy, economy theory and philosophy as well as economic psychology.

More books from Taylor and Francis

Cover of the book Chinese Stories of Drug Addiction by Yanlong Zhang
Cover of the book Globalization and Labour in the Twenty-First Century (Open Access) by Yanlong Zhang
Cover of the book Doubt by Yanlong Zhang
Cover of the book Perspectives on the Study of Speech by Yanlong Zhang
Cover of the book Teacher Learning That Matters by Yanlong Zhang
Cover of the book Human Abilities by Yanlong Zhang
Cover of the book Sport and Women by Yanlong Zhang
Cover of the book International Research in Sports Biomechanics by Yanlong Zhang
Cover of the book Ecological Restoration Law by Yanlong Zhang
Cover of the book Material Strategies in Digital Fabrication by Yanlong Zhang
Cover of the book The Forum on China- Africa Cooperation (FOCAC) by Yanlong Zhang
Cover of the book Outcast Europe: The Balkans, 1789-1989 by Yanlong Zhang
Cover of the book Elusive Development by Yanlong Zhang
Cover of the book Assessment for Learning in Higher Education by Yanlong Zhang
Cover of the book Artistic Citizenship by Yanlong Zhang
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy