Trust-based obligations function as exchangeable credit within social relationships.

Evidence

This form of social capital depends on two elements: trustworthiness of the social environment, which means that obligations will be repaid, and the actual extent of obligations held. Social structures differ in both these dimensions, and actors within the same structure differ in the second. A case that illustrates the value of the trustworthiness of the environment is that of the rotating-credit associations of Southeast Asia and elsewhere. These associations are groups of friends and neighbors who typically meet monthly, each person contributing to a central fund that is then given to one of the members (through bidding or by lot), until, after a number of months, each of the n persons has made n contributions and received one payout. — Coleman, SocialCapitalCreation-1988, 85 (#exemplifies, via linked claim)

Categorization

• XREF: connects to: A bazaar can function as an organization through merchants’ social capital. — Coleman, SocialCapitalCreation-1988, 63; Reciprocal trust creates mutual incentives for trustworthiness — Nicolas Baumard, A mutualistic approach to morality: The…, 166; Trust is encapsulated interest achievable through many incentive mechanisms (+15 more)

Related

• Rotating-credit associations depend on social trust to function. (similarity 0.92)
• Trust-based reciprocal favors operate like financial capital (similarity 0.89)
• Dense social relations sustain many non-fungible outstanding obligations. (similarity 0.84)
• Networks sustain conduct rules because they embed mutual obligation (similarity 0.80)
• Trust is encapsulated interest achievable through many incentive mechanisms (similarity 0.79)
• Social capital exists as obligations, information flows, and sanctioned norms (similarity 0.79)
• Trust emerges from gradually escalated reciprocal exchanges in ongoing relationships (similarity 0.79)
• Heterogeneous reciprocal gifts injected with money’s character resemble purchase (similarity 0.79)
• Trust functions as social capital enabling collective purposes. (similarity 0.79)
• Trust relationships self-maintain once the parties recognize mutual benefit (similarity 0.79)
• Trust behaves like moral capital that grows with use, unlike physical capital. (similarity 0.79)
• Social trust is an outcome and byproduct of social capital (similarity 0.78)
• Trust emerges as a result of cooperation rather than an element of social capital. (similarity 0.78)
• Cost-driven market ties evolve into trust-laden partnerships over time (similarity 0.78)

Broader Connections

• Mutual trust in iterated exchange is selffulfilling through aligned incentives #corroborates (0.85)
• Future gains from continued interaction function as both incentive and sanction for trust. #corroborates (0.84)
• Rotating-credit associations depend on social trust to function. #exemplifies (0.82) — Coleman, SocialCapitalCreation-1988, 85
• Trustworthiness is grounded in the trusted’s interest in maintaining a relationship #corroborates (0.80)
• Trust relationships self-maintain once the parties recognize mutual benefit #corroborates (0.80)
• Reciprocal trust creates mutual incentives for trustworthiness #corroborates (0.78) — Nicolas Baumard, A mutualistic approach to morality, 166
• Trust is encapsulated interest achievable through many incentive mechanisms #expands (0.75)
• Cooperation can operate independently of trust #contradicts (0.72)