Construct · 1 fields · 1 citations

calculative trust: a standalone construct

One name. One construct. A landmark on the map.

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Economics

trust grounded in calculating whether cooperating is in the other party's interest, which Williamson argues is better called calculated risk.

In economics, calculative trust refers to trust grounded in calculating whether cooperating is in the other party's interest, which Williamson argues is better called calculated risk. This meaning comes from Williamson (1993) in The Journal of Law and Economics.[1]

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Nearby constructs

interest4 fields · 5 citationsjingle · one word, four constructs party2 fields · 4 citationsjingle · one word, two constructs risk6 fields · 13 citationsjingle · one name, six constructs

References

Williamson, O. E. (1993). Calculativeness, Trust, and Economic Organization. The Journal of Law and Economics, 36(1, Part 2), 453-486. https://doi.org/10.1086/467284

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