Cooperative equilibria require conditional trust, not blind trust or blind distrust
Evidence
Nor would a unilateral belief in blind trust be less damaging, for to protract trusting moves in the face of another’s defection could lead to disaster rather than cooperation. In other words, if one inputs into Axelrods experiments either unilateral blind trust or blind distrust - whether unilateral or bilateral — the game will not culminate in a cooperative solution: the latter depends on the absence of these two lexicographic inclinations and the presence of a basic disposition towards conditional trust. — Diego Gambetta, Trust - Making and Breaking Cooperative…, 2812
Categorization
- DEFINE: Defines conditional trust as the substantive disposition that makes tit-for-tat cooperation converge.