Benjamin Ho
Why Trust Matters: An Economist's Guide to the Ties That Bind Us
Why Trust Matters: An Economist's Guide to the Ties That Bind Us
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Excellent- More about Why Trust Matters: An Economist's Guide to the Ties That Bind Us
Economists have neglected the importance of trust in the economy, which is essential for relationships, institutions, and democracy. Benjamin Ho's book "Why Trust Matters" explores how trust shapes various institutions and practices, and how economists have applied game theory and behavioral economics to understand it.
Format: Paperback / softback
Length: 336 pages
Publication date: 29 November 2022
Publisher: Columbia University Press
The economy, a complex network of relationships, is rooted in mutual expectations. However, trust stands as the vital glue that binds civilization together. Every interaction we have with others, whether it's for purchasing, collaborating on projects, or sharing living spaces, relies on trust. Institutions and relationships thrive because individuals place their confidence in them. Retailers strive to become trusted brands, employers trust their employees, and democracy functions only when we trust our government.
In his insightful book, "Why Trust Matters," Benjamin Ho delves into the surprising significance of trust in our daily economic lives. Spanning from the earliest societies to the modern economy, Ho explores trust's role across a wide array of institutions and practices. From contracts and banking to blockchain and the sharing economy, he demonstrates how trust shapes the world's workings. Through the application of mathematical tools from game theory and experimental methods from behavioral economics, Ho brings rigor to understanding trust.
This book brings together insights from decades of research in an accessible format, making it a valuable resource for anyone interested in understanding the role of trust in society. It sheds light on how a concept often overlooked in economics is central to the social systems that govern our lives. By examining the economic implications of trust, "Why Trust Matters" offers a fresh perspective on the importance of this intangible factor in our economic and social interactions.
Dimension: 216 x 140 (mm)
ISBN-13: 9780231189613
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