Trust is a social relationship of investing responsibility in another for uncertain future return.

Evidence

Trust is used here in this third sense, as a social relationship in which principals-for whatever reason or state of mind-invest resources, authority, or responsibility in another to act on their behalf for some uncertain future return. Common networks of social relations shared by principal and agent may provide a sufficient incentive for trust-but not a necessary one. In order to understand the various ways in which embeddedness penetrates these trust relationships, it is necessary to take a sustained look at both the sources of agency in complex societies and principals’ responses to uncertainty. — Shapiro, Susan P., The Social Control of Impersonal Trust, 17

Categorization

• DEFINE: Establishes the book’s operative definition of trust as impersonal, future-contingent agency rather than embedded social familiarity.
• XREF: connects to: Trust is a theory about another’s future performance based on their claims; Trust is defined as delegating authority for uncertain future returns — Shapiro, Susan P., The Social Control of Impersonal Trust, 17; Trusting is only knowledge; acting on trust is what carries risk (+3 more)

Related

• Trust is defined as delegating authority for uncertain future returns (similarity 0.95)
• Trust is a theory about another’s future performance based on their claims (similarity 0.87)
• Trust means predicating one’s actions on others’ risky actions (similarity 0.86)
• Trust is not chosen, a gamble, or an investment; only actions are (similarity 0.85)
• Trusting is only knowledge; acting on trust is what carries risk (similarity 0.85)
• Trust is structurally vulnerable because agents can exploit principals’ ignorance and distance. (similarity 0.84)
• Impersonal trust persists despite agency tensions and varies greatly across conditions. (similarity 0.83)
• Trust as a distinct social phenomenon emerged only under modern conditions of risk (similarity 0.83)
• Trust is a degree of expected probability, not a separate decision layered onto risk. (similarity 0.83)
• Trust functions by treating the uncertain future as if it were certain. (similarity 0.83)
• Trust is expectation formed before the other’s action can be monitored (similarity 0.83)
• Trust enables action before another party’s cooperation is assured. (similarity 0.83)
• The very mechanisms that enable trust also enable its abuse. (similarity 0.82)
• Trust in economic life arises from social relations rather than morality or institutions alone. (similarity 0.82)
• Impersonal trust emerges where face-to-face control mechanisms are unavailable (similarity 0.82)

Broader Connections

• Trust is defined as delegating authority for uncertain future returns #corroborates (0.95) — Shapiro, Susan P., The Social Control of Impersonal Trust, 17
• Trust is a theory about another’s future performance based on their claims #qualifies (0.85)
• Trusting is only knowledge; acting on trust is what carries risk #contradicts (0.80)
• Trust solves problems of risk but operates only within a familiar world #qualifies (0.75) — Diego Gambetta, Trust - Making and Breaking Cooperative…, 1334
• Trust functions as a device for coping with others’ freedom #expands (0.70) — Diego Gambetta, Trust - Making and Breaking Cooperative…, 1146