id author title date pages extension mime words sentences flesch summary cache txt en-wikipedia-org-7574 View source for Trust (social science) - Wikipedia .html text/html 2146 234 65 Taking the "[[The Market for Lemons|Market for Lemons]]" transaction popularized by [[George Akerlof]] as an example,{{Cite journal|last=Akerlof|first=George A.|date=1970|title=The Market for "Lemons": Quality Uncertainty and the Market Mechanism|url=https://academic.oup.com/qje/article-lookup/doi/10.2307/1879431|journal=The Quarterly Journal of Economics|volume=84|issue=3|pages=488–500|doi=10.2307/1879431|jstor=1879431}} if a buyer of a car doesn't trust the seller to not sell a lemon, the transaction won't be entered into. The absence of trust restricts growth in employment, wages and profits, thus reducing the overall welfare of society.{{Cite journal|last=Pollitt|first=Michael|date=2002|title=The economics of trust, norms and networks|url=https://onlinelibrary.wiley.com/doi/abs/10.1111/1467-8608.00266|journal=Business Ethics: A European Review|language=en|volume=11|issue=2|pages=119–128|doi=10.1111/1467-8608.00266|s2cid=153788522|issn=1467-8608}} | year = 2002 | title = Contracting With Uncertain Level Of Trust | journal = Computational Intelligence | volume = 18 | issue = 4| pages = 501–514 | doi=10.1111/1467-8640.00200| citeseerx = 10.1.1.70.8413 | s2cid = 33473191 }} demonstrates that the optimum level of trust that a rational economic agent should exhibit in transactions is equal to the trustworthiness of the other party. ./cache/en-wikipedia-org-7574.html ./txt/en-wikipedia-org-7574.txt