Trust, risk, and the social contract

Synthese 160 (1):21 - 25 (2008)
The problem of trust is discussed in terms of David Hume’s meadow-draining example. This is analyzed in terms of rational choice, evolutionary game theory and a dynamic model of social network formation. The kind of explanation that postulates an innate predisposition to trust is seen to be unnecessary when social network dynamics is taken into account.
Keywords Trust  Evolution  Stag hunt game  Risk dominance  Local interaction  Dynamic network
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DOI 10.2307/27653643
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William Kline (2012). Hume's Theory of Business Ethics Revisited. Journal of Business Ethics 105 (2):163-174.

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