Senior School, San Francisco, CA

Craig P. Dunn, PhD

Corporate Ethics, Values, and Governance

…the influential seminar series organized by Diego Gambetta and published under the title Trust: Making and Breaking Cooperative Relations (1988). That volume closes with the following unifying observation (Gambetta, 1988, p. 217): … trust…is a particular level of the subjective probability with which an agent assesses that another agent or group of agents will perform a particular action …When we say we trust someone or that someone is trustworthy, we implicitly mean that the probability that he will perform an action that is beneficial or at least not detrimental to us is high enough for us to consider engaging in some form of cooperation with him.

OPPORTUNISM AND ITS CRITICS

Corporate Ethics, Values, and Governance Does excessive regulation decrease social capital or do high levels of social capital lead to low levels of regulation? Research suggests that the causal relationship follows the latter example, with higher levels of social capital leading to fewer but better regulations. Indeed societies that are highly trusting —both in government institutions and in one’s fellow citizens—tend to demand fewer, less complex and less restrictive economic regulations .

THE 2012 LEGATUM PROSPERITY INDEX: A UNIQUE GLOBAL INQUIRY INTO WEALTH AND WELLBEING

http://www.dunn.cc

3