03150oam 2200517 450 991055449470332120220129174909.00-231-54842-710.7312/ho--18960(CKB)4100000011962857(MiAaPQ)EBC6373137(DE-B1597)590368(OCoLC)1266229072(DE-B1597)9780231548427(PPN)266301509(EXLCZ)99410000001196285720210704d2021 uy 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierWhy trust matters an economist's guide to the ties that bind us /Benjamin HoNew York, New York State :Columbia University Press,[2021]©20211 online resource (335 pages) illustrationsIncludes index.0-231-18960-5 Frontmatter -- BRIEF CONTENTS -- Acknowledgments -- 1 Economics of Trust -- 2 The History of Trust -- 3 Trust in the Modern Economy -- 4 Trusting Institutions with Expertise -- 5 Trusting One Another -- 6 Conclusion -- Detailed Contents -- Notes -- IndexHave economists neglected trust? The economy is fundamentally a network of relationships built on mutual expectations. More than that, trust is the glue that holds civilization together. Every time we interact with another person—to make a purchase, work on a project, or share a living space—we rely on trust. Institutions and relationships function because people place confidence in them. Retailers seek to become trusted brands; employers put their trust in their employees; and democracy works only when we trust our government.Benjamin Ho reveals the surprising importance of trust to how we understand our day-to-day economic lives. Starting with the earliest societies and proceeding through the evolution of the modern economy, he explores its role across an astonishing range of institutions and practices. From contracts and banking to blockchain and the sharing economy to health care and climate change, Ho shows how trust shapes the workings of the world. He provides an accessible account of how economists have applied the mathematical tools of game theory and the experimental methods of behavioral economics to bring rigor to understanding trust. Bringing together insights from decades of research in an approachable format, Why Trust Matters shows how a concept that we rarely associate with the discipline of economics is central to the social systems that govern our lives.TrustEconomic aspectsEconomicsPsychological aspectsGame theoryBen Ho.TrustEconomic aspects.EconomicsPsychological aspects.Game theory.330.019Ho Benjamin Tze Ern1217517MiAaPQMiAaPQUtOrBLWBOOK9910554494703321Why trust matters2815709UNINA