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- W3121405244 abstract "This article employs Agent-Based Computational Economics (ACE) to investigate whether, and under what conditions, trust is viable in markets. The emergence and breakdown of trust is modeled in a context of multiple buyers and suppliers. Agents develop trust in a partner as a function of observed loyalty. They select partners on the basis of their trust in the partner and potential profit, with adaptive weights. On the basis of realized profits, they adapt the weight they attach to trust relative to profitability, and their own trustworthiness, modeled as a threshold of defection. Trust and loyalty turn out to be viable under fairly general conditions." @default.
- W3121405244 created "2021-02-01" @default.
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- W3121405244 date "2005-01-01" @default.
- W3121405244 modified "2023-09-23" @default.
- W3121405244 title "Adaptive Build-Up and Breakdown of Trust: An Agent-Based Computational Approach" @default.
- W3121405244 doi "https://doi.org/10.2139/ssrn.706845" @default.
- W3121405244 hasPublicationYear "2005" @default.
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