This paper intends to analyze the foundations of trust in a context of bounded rationality. Building on previous work …, we show how bounded rationality provides a rationale for the concept of trust that goes beyond the common calculative … notion. We show that there are four types of trust, and that people assess probabilities (with some fuzziness, in the context …

behavior. Some participants participated in two financially salient trust games to measure behavior, one with a classmate and … indistinguishable. The results together corroborated the expected negative relationship between trust and social distance. However …, reciprocity, while proportional to trust, was not responsive to social distance. …

the supplier and the ensuing vulnerability induced by the high specificity of the inter-firm trade is remedied by trust …

of choice and decisionmaking. The paper limits itself to examining the role of trust in the formation and disruption of … social capital. Emotions such as guilt and shame are central in the emergence of trust within social relations. Sources of …