Extreme default rates express both scarce trust and high trust value
Evidence
If it is true that humans are characterized by a lack of fine-tuning and a tendency to go to extremes (Elster 1983), the assumption that trust will emerge naturally is singularly unjustified. — Diego Gambetta, Trust - Making and Breaking Cooperative…, 2811 (
#corroborates, via linked claim)
Categorization
- XREF: connects to: Collapsed trust turned commerce into mutual deception and crippled lending; Trust does not emerge naturally because humans tend toward extremes rather than fine-tuning — Diego Gambetta, Trust - Making and Breaking Cooperative…, 2811; Tight cash-flow margins make reliance harms exceed simple owed amounts in the diamond trade — Lisa Bernestein, Opting out of the Legal System, 191
Related
- Trust does not emerge naturally because humans tend toward extremes rather than fine-tuning (similarity 0.88)
- Collapsed trust turned commerce into mutual deception and crippled lending (similarity 0.82)
- Fine-grained discrimination of whom to trust limits the role of noncognitive trust. (similarity 0.81)
- Trust cannot be assumed to emerge naturally in human interaction (similarity 0.79)
Broader Connections
- Trust does not emerge naturally because humans tend toward extremes rather than fine-tuning
#corroborates(0.78) — Diego Gambetta, Trust - Making and Breaking Cooperative…, 2811