Evolution of Trust in Economic Systems

Terence Bossomaier, Michael Harre, James Thompson

Research output: Book chapter/Published conference paperChapter

Abstract

Trust is a ubiquitous feature of human interactions and plays a significant role in many commercial and economic situations. We examine the relationship between trust and game theory and contrast this with recent evidence from neuroeconomics. Finally we illustrate by computer simulation the evolution of trust in a model of the interaction of financial advisors and their clients.
Original languageEnglish
Title of host publicationCoping With the Complexity of Economics
EditorsMarisa Faggini, Thomas Lux
Place of PublicationItaly
PublisherSpringer
Pages3-18
Number of pages16
Edition1
ISBN (Print)9788847010826
DOIs
Publication statusPublished - 2008

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