Wednesday, 15 June 2011

What Constitutes Trust within an Individual

According to Thoen (2001) what influences the threshold of trust is a combination of  “subjective trust and objective trust” components. Subjective trust is the formation in the mind of what composes the elements of trust within the trustee that might be influenced and defined by the threshold, generated through experience, emotion, or mental ability. Objective trust on the other hand is trust in the context of the environment and existing physical mechanisms to evoke the trust and influence the threshold. What is significant about trust in its objective form is that it can be regarded as a tool that facilitates a transaction.  But often it is the subjective elements of trust, best described as ‘emotional trust’, which enables the transaction to come into effect. 

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